Reported about 18 hours ago
Investor Michael Burry, known for his predictions in 'The Big Short', is making headlines again by betting against AI giants Nvidia and Palantir. His fund, Scion Asset Management, disclosed over $1 billion in put options on these stocks, signaling concerns over a potential bubble in the tech sector. Despite strong performances from these companies, worries about high valuations and unsustainable growth have intensified, leading to recent declines in their stock prices.
Source: YAHOO