Big Short investor Michael Burry places $1.1bn bet against leading AI stocks
Michael Burry's Scion Asset Management bought $1.1 billion of put options against Nvidia and Palantir, betting on declines in AI-related stock valuations.
'Big Short' investor Michael Burry follows up cryptic AI bubble warning warning with bearish stock activity on Nvidia and Palantir | Fortune
Michael Burry's Scion Asset Management bought over $1 billion in put options against Nvidia and Palantir, betting on an overvalued AI-driven tech bubble.
Currency traders bet against sterling ahead of Reeves' tax-raising Budget
Traders are heavily betting against the pound ahead of the Budget, fearing Rachel Reeves' tax and spending plans will further weaken the UK's economic outlook.
Nvidia Stock's Path to $350. Could Such a Rally Pressure Burry to Close His Bet?
Betting against Nvidia via put options hinges on precise timing and thesis, and could trigger broad market ripples given Nvidia's massive market-cap concentration.