Yahoo Finance·2025-11-04 16:08Group 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, indicating a bet on the decline of these stocks [1] - Scion Asset Management currently manages approximately $155 million in assets, and Burry is known for his contrarian investment strategies [5] - Burry has previously made successful predictions, including a bet against Tesla in 2021, which eventually saw Tesla's stock price fall after an initial rise [7] Group 2: Company Performance and Market Reactions - Palantir raised its full-year revenue outlook to $4.4 billion and exceeded third-quarter revenue estimates, yet its shares fell by as much as 7% due to valuation concerns [2] - Nvidia's shares dropped over 2% in early trading ahead of its earnings report scheduled for November 19, influenced by national security concerns regarding sales to China [3] - The tech-heavy Nasdaq Composite has gained over 20% this year, driven by soaring AI stock valuations, which Burry has commented on regarding potential market bubbles [6]