Who is Michael Burry - the Big Short legend who has rattled Nvidia and Palantir

Core Viewpoint - Michael Burry has taken a significant short position of $1.1 billion against Nvidia and Palantir amid a global tech selloff that has affected investor confidence and major indexes [2][9]. Company Summaries Nvidia - Nvidia's stock dropped by 4% during a recent market downturn, contributing to the overall decline in tech stocks [3][15]. - Burry's short position against Nvidia reflects skepticism about its valuation amidst broader market concerns [9]. Palantir - Palantir's market capitalization is currently $450 billion, while its annual revenue stands at $4.4 billion, raising concerns about its valuation being disconnected from fundamentals [9]. - Despite a strong Q3 performance with revenue of $1.2 billion, up 63% year-over-year, Palantir's stock fell by 3% in overnight trading following the recent selloff [10][11]. - CEO Alex Karp criticized Burry's short bet, arguing that the companies he is targeting are profitable and suggesting that Burry's position is misguided [10][11]. Industry Context - The tech sector has seen a significant selloff, with the Nasdaq Composite falling by 2.04% and major tech names experiencing heavy losses [3][15]. - Analysts have noted that tech stocks contributed over 90% of the S&P 500's total return in October, with a small group of companies, referred to as the "Magnificent Seven," accounting for 80% of that return [7][15]. - The concentration of returns in a few tech giants is a trend observed globally, with specific stocks dominating returns in markets such as Hong Kong, Korea, and Taiwan [8][15].