Dr. Michael Burry of “The Big Short” fame shocked many, enraged some, and intrigued everyone when he pulled the curtain on Scion Asset Management’s latest moves. Undoubtedly, the big story was the $1 billion bet against Palantir (NASDAQ:PLTR) and Nvidia (NASDAQ:NVDA),

Michael Burry of "The Big Short" Fame and Warren Buffett Have Piled Into This Dirt Cheap but Troubled Stock. Should You Follow? Top investors Michael Burry and Warren Buffett aren’t known for following the crowd. This independence has scored wins for them and their clients over time.

In 2005, Michael Burry placed a long-term $1 billion bet against the U.S. mortgage market, which led to the 2007 global financial crisis. His investment firm, Scion Asset Management, purchased

Michael Burry boosted his positions in apparel, healthcare, and scientific stocks, while trimming major holdings, showing a cautious yet opportunistic stance in Q3.

The two companies he’s shorting are the ones making all the money, which is super weird,” Alex Karp told CNBC’s “Squawk Box” on Tuesday.

James Kardarzke, the co-founder of stock research platform Quantitative, claimed: "Michael Burry has a history of making large bearish bets when he perceives there to be a bubble, most notably prior to the housing market crash of 2008."

Nvidia shares fell 2% in premarket trading on Tuesday following news of Burry’s positions. The decline matched broader market weakness, with S&P 500 futures dropping 1.1%. Other semiconductor stocks also traded lower, with AMD down 2.3% and Broadcom falling 1.3% in premarket activity.

Michael Burry's Scion Asset Management filed an updated 13F showing a new large bearish position in Palantir and Nvidia, among others.