$NVDA - NVIDIA FALLS AS ‘BIG SHORT’ INVESTOR MICHAEL BURRY BETS AGAINST AI AGAIN
Nvidia shares fell 2% to $202.83 in premarket trading Tuesday after filings showed Michael Burry’s Scion Asset Management bought $187 million in Nvidia put options, signaling a bearish bet.
Scion also disclosed $912 million in Palantir puts, with both trades making up about 80% of its portfolio. It’s unclear if the positions are still active, as filings lag by up to 45 days.