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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Big Short's Michael Burry Places $1B Put Orders Against Nvidia and Palantir in Q3, Warns of AI Bubble

Michael Burry, famous for predicting the 2008 financial crisis, is now expressing skepticism about the rapid rise of the AI sector. (Credit: Facebook.com)

Michael Burry, founder of Scion Asset Management and famed for his prescient bets against the US housing market during the 2008 financial crisis, has made a startling move against two of the biggest winners of the AI surge: Nvidia and Palantir Technologies. His contrarian trades come despite these companies' stellar performance this year, raising questions about whether a bubble is forming in the AI sector.

Burry's Historic Bold Strokes and Recent Moves

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