By Bibhu Pattnaik
Publication Date: 2025-11-23 19:36:00
Michael Burry, famous for his accurate prediction of the mid-2000s US housing bubble burst, has once again stirred the pot in the financial world. This time, his bet against Nvidia and his criticism of AI companies have made him a hot topic on social media.
What Happened: Burry’s recent actions may have played a role in last week’s stock market dip. The investor, notorious for his ominous crash and recession predictions, recently made a comeback on social media after a two-year break, issuing several warnings about a potential bubble in AI stocks.
According to the Business Insider report, Burry’s hedge fund, Scion Asset Management, revealed that it held bearish options on Nvidia (NASDAQ:NVDA) and Palantir (NYSE:PLTR), with a combined notional value of $1.1 billion at the end of September. Some market observers scoffed at Burry’s bets, particularly after Nvidia’s shares surged over 5% following its third-quarter earnings beat.
However, Nvidia saw its shares dip 3% by the market’s close on Thursday and drop another 1% on Friday.
This unexpected downturn pulled the entire stock market down, leading some to support Burry and his skeptical view of the AI boom.
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Despite the market’s reaction, Burry has not verified whether he holds Nvidia puts or made a profit from Thursday’s sell-off. His bet against Palantir, whose stock has…
