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The man who called the 2008 housing collapse just doubled down on his bet against Nvidia (NVDA). When Michael Burry makes a move, Wall Street pays attention. And his latest call, a fresh bet against Nvidia, is one of the more provocative contrarian stances in recent memory.
Burry, best known for predicting the 2008 financial crisis, just revealed that he has increased his bearish position in NVDA stock. He's loading up on long-dated put options and standing firmly against what has become the most crowded trade in markets today.