Michael Burry revealed that he was deregistering his Scion Asset Management after entering put positions on Nvidia and Palantir in the third quarter.

Nearly two decades after he became a Wall Street legend for predicting the 2008 housing crash, investor Michael Burry once again came out of the shadows with his bold bets against AI darlings Nvidia ( NVDA) and Palantir ( PLTR ).

Extraordinarily dedicated FT Alphaville fans will recognise Phil Clifton (who Burry calls “a tremendous young talent in the field of investment — and the most prodigious thinker I have ever encountered”) as…

Michael Burry exits markets after a $9.2M short bet targeting Palantir and the AI sector, citing inflated valuations.

"Big Short" investor Michael Burry has reportedly closed his firm Scion Asset Management and named Phil Clifton as his successor. Earlier in the day, several posts on X circulated a photo of a letter dated October 27 from Burry to Scion's investors saying that he was winding down his fund.

He bought Nvidia at $101, rode the AI wave to solid gains, and then dumped everything. In a post on the Stocks subreddit, a 25-year-old investor said he sold his entire portfolio—including top performers like Nvidia (NASDAQ:NVDA),

First, many experts have admitted that AI is a bubble, but as a consolation, we get the opinion that it is different from the dot-com bubble, or, in the case of a former Intel CEO Pat Gelsinger, that it will take years to burst.

Michael Burry, the hedge-fund manager of “The Big Short” fame who is betting against two of the stock market’s favorite AI plays, is back with a new criticism of valuations in the sector.