Investor Michael Burry, best known for predicting the 2008 housing crash, revealed that his hedge fund, Scion Asset Management, has taken positions against tech giants Nvidia Corp (NASDAQ:NVDA, ETR:NVD) and Palantir Technologies Inc (NYSE:PLTR).
Burry, whose bets against the housing market were chronicled in Michael Lewis’ The Big Short and later portrayed by Christian Bale in the 2015 film, disclosed put options, or trades that profit if a stock falls, on two of the biggest names in Big Tech.
These aren’t the charts you are looking for.
You can go about your business. pic.twitter.com/ICldNUp2OI
— Cassandra Unchained (@michaeljburry) November 3, 2025
Burry’s stance comes as the Nasdaq has surged more than 20% this year, fueled by soaring AI stock valuations. The investor’s latest bets echo his past market moves, including put options on Tesla Inc (NASDAQ:TSLA) in 2021 — which initially gained before falling in 2022 — and his bullish doubling of a stake in Estee Lauder Companies Inc (NYSE:EL, ETR:ELAA) earlier this year, which has since climbed over 40%.
Burry’s cautious stance on Nvidia and Palantir aligns with warnings from Wall Street leaders, including Goldman Sachs’ David Solomon and Morgan Stanley’s Ted Pick, who have signaled that investors should prepare for a possible correction in overvalued tech stocks in the coming months.