Michael Burry of ‘The Big Short’ is back with 2 massive bets
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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.
Michael Burry boosted his positions in apparel, healthcare, and scientific stocks, while trimming major holdings, showing a cautious yet opportunistic stance in Q3.
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.