Mei Ri Jing Ji Xin Wen·2025-11-08 05:40Group 1 - Michael Burry's hedge fund, Scion Asset Management, disclosed a third-quarter position holding over $1 billion in put options, representing 80% of its total assets, betting against AI stocks Nvidia and Palantir [1][5][6] - Nvidia's stock price fell by 3.96% the day after the report, while Palantir experienced a larger decline of 7.95%, with Nvidia's market cap dropping by $45.51 billion (approximately 324 billion RMB) over four trading days [5][6] - Scion Asset Management's total holdings amount to approximately $1.38 billion, with a significant portion concentrated in put options for Nvidia and Palantir [6][10] Group 2 - Burry's fund previously established a short position in Nvidia worth over $97 million in the first quarter, which was fully liquidated by the second quarter [8][10] - The put options give holders the right to sell stocks at a specific price in the future, serving as a typical short-selling tool [7] - Market interest in shorting Nvidia is declining, with short positions decreasing from approximately 315 million shares to about 211 million shares between June 2024 and October 2025 [22][24] Group 3 - Palantir's CEO criticized Burry's shorting actions, asserting that the companies he targets are genuinely profitable in the AI sector [19] - Palantir reported third-quarter revenue of $1.18 billion, a 63% year-over-year increase, and has exceeded analyst expectations for 21 consecutive quarters [19] - Concerns about Palantir's high valuation multiples and performance relative to its valuation have led to a "good news already priced in" sentiment in the market [19][25] Group 4 - Major investment banks are adopting a dual strategy of lending while simultaneously shorting stocks in the AI sector to hedge against potential risks [27][28] - Deutsche Bank has injected billions into the data center industry, primarily financing operators serving major tech companies, while also exploring various hedging strategies [27][28] - The financial sector is cautious about the rapid depreciation of infrastructure and the unverified profitability models in the AI industry, reflecting a complex sentiment towards AI investments [28]