Michael Burry of 'Big Short' fame discloses bets against Palantir and Nvidia

Group 1: Michael Burry's Investment Moves - Investor Michael Burry's hedge fund, Scion Asset Management, has taken positions against Nvidia and Palantir by purchasing put options [1] - Burry is known for his contrarian investment style and has previously predicted market bubbles, including the 2008 housing market crash [4][5] - Scion Asset Management currently manages approximately $155 million in assets [5] Group 2: Palantir's Financial Performance - Palantir raised its full-year revenue outlook to $4.4 billion and exceeded third-quarter revenue estimates [2] - Despite the positive outlook, Palantir's shares fell by as much as 7% due to concerns over stock valuation [2] Group 3: Nvidia's Market Situation - Nvidia's shares fell by more than 2% in early trading ahead of its earnings report scheduled for November 19 [3] - President Trump stated that the US would not permit Nvidia to sell its advanced chips to Chinese buyers, citing national security concerns [3] Group 4: Market Context and Sentiment - The tech-heavy Nasdaq Composite has gained over 20% this year, driven by soaring AI stock valuations [6] - Burry's commentary on market bubbles suggests a cautious approach, indicating that sometimes the best strategy is to refrain from investing [6]