Scion Asset Management
3 stories
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financeMichael Burry’s Palantir Short: Anatomy of a Bearish Bet
Michael Burry remains short Palantir Technologies via put options targeting $50 by 2027. Scion’s deregistration obscured filings, but social media confirms ongoing bearishness, including a 'sand castle' analogy and head-and-shoulders chart pattern.
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financeMichael Burry Bets $1.1 Billion Notional on Puts Against AI Leaders Nvidia and Palantir
Hedge fund manager Michael Burry, known for profiting from the 2008 housing crash, is betting against AI stocks with $1.1 billion in notional puts on Palantir and Nvidia.
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financeMichael Burry Warns: Trim AI Tech Bets, Raise Cash Now
Scion Asset Management's Q1 2026 filing reveals $60M cash and $85M put options on NVIDIA and Tesla. Burry draws parallels to the dot-com bubble.