Reported about 6 hours ago
Michael Burry’s Scion Asset Management has revealed its bearish positions on Nvidia and Palantir shortly after Burry issued a cautionary warning about market exuberance. The hedge fund manager purchased put options on both companies, which profit from declining stock prices, while also acquiring call options on Halliburton and Pfizer. Concerns over inflated valuations and the sustainability of the AI-driven market boom have intensified, evidenced by falling stock prices for both Nvidia and Palantir following their recent earnings reports.
Source: YAHOO