By Bram Berkowitz, The Motley Fool
Publication Date: 2025-11-14 09:50:00
Michael Burry is famous for betting against the housing market right before it collapsed during the Great Recession.
Michael Burry of Scion Asset Management rose to widespread fame after being portrayed by Christian Bale in the 2015 film The Big Short. Burry is one of a handful of investors who correctly spotted the housing bubble prior to the 2007-09 Great Recession and made big bets against mortgage bonds using complex financial instruments. His efforts back then turned Burry into an investing legend, which is why investors are always so curious to see what Scion is up to.
In the third quarter, Scion made big bets against artificial intelligence (AI) giants like Palantir Technologies (PLTR 6.53%) and Nvidia (NVDA 3.62%) and also purchased one beaten-down apparel stock.
Image source: Palantir.
Betting big against popular AI names
In 2025’s third quarter, Scion purchased millions of put options against the AI decision-making company Palantir and the AI chip king Nvidia. According to filings, Burry and Scion purchased 5 million put options on Palantir for a notional value of $912 million and 1 million put options on Nvidia for a notional value of $186.5 million.
Burry has been more active on social media lately, posting clues on X regarding his bets against Palantir and Nvidia. One showed that growth in U.S. tech capital expenditures is approaching levels seen during the tech bubble. Other charts posted by Burry also expressed concerns regarding how much money seems to be…
