Nvidia Stock’s Path to $350. Could Such a Rally Pressure Burry to Close His Bet?

Core Viewpoint - Dr. Michael Burry has taken a bearish position against Nvidia by purchasing put options, indicating a belief that the stock may be overvalued despite its significant growth and current market dominance [1][2][4]. Company Summary - Nvidia has experienced a remarkable surge of over 1,200% in the past five years, leading to a market capitalization exceeding $4.7 trillion, making it the largest company globally [6]. - Loop Capital has set a price target of $350 for Nvidia, driven by expectations of accelerated AI adoption [6]. Industry Summary - Burry's bearish stance on semiconductors and AI-related stocks has been ongoing, with previous unsuccessful bets against the iShares Semiconductor ETF in 2023 [4][5]. - The concentration risks within the S&P 500, particularly the Nasdaq 100, have been highlighted due to the impressive performance of the "Magnificent Seven" stocks, which includes Nvidia [4].