Burry’s fund, Scion Asset Management, disclosed on Monday that it bought puts — bets that share prices will fall — on two stars of the AI wave: Nvidia and Palantir. Scion bought roughly US$187.6 million in puts on Nvidia and $912 million in puts on Palantir, according to Securities and Exchange Commission filings.

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[–] 17 points 1 year ago (2 children)

I definitely trust Burry on this. I'm excited to see the bubble finally blow up.

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  • [–] 23 points 1 year ago (1 child)

    Just keep in mind that even if Burry is right - and he's not always - he was three years early on the housing crisis. Personally, I fully agree that this is a bubble, but that doesn't mean it's going to break soon.

    Markets can remain irrational longer than you can remain solvent.

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