Michael Burry, the famed investor behind “The Big Short,” is betting artificial intelligence is more of a bubble than a revolution.
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 (NVDA) and Palantir (PLTR). Scion bought roughly $187.6 million in puts on Nvidia and $912 million in puts on Palantir, according to Securities and Exchange Commission filings.
Burry is known for his prophetic call that the US housing market would collapse in 2008. He was profiled in the 2010 book “The Big Short: Inside the Doomsday Machine,” by Michael Lewis, and portrayed by Chri
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