Michael Burry doubles down on his bearish thesis for Nvidia and Palantir, holding long-dated put options and short positions despite market skepticism regarding his timing.
Investor Michael Burry, famous for his 'Big Short' against subprime mortgages, continues to bet against tech giants Nvidia and Palantir. Despite closing his hedge fund, Burry maintains put options and short positions, citing concerns over Palantir's extreme valuation and Nvidia's heavy customer concentration risk.
Burry views Palantir as significantly overvalued with an unsustainable P/E ratio and considers Nvidia's heavy reliance on a small group of hyperscaler customers a major revenue risk.