Nvidia(US:NVDA) Hua Er Jie Jian Wen·2025-11-13 12:26Core Viewpoint - Michael Burry, known for predicting the 2008 financial crisis, has sparked market discussions again after clarifying that his investment in shorting AI stocks is significantly lower than reported, amounting to only $9.2 million instead of $912 million as claimed by media outlets [1][2]. Group 1: Investment Actions - Burry purchased 50,000 put options for Palantir at $1.84 each, totaling an investment of $9.2 million, which corresponds to a notional value of $912 million based on the underlying stock's market value [2]. - The discrepancy in reported figures arises from the SEC's requirement for institutions to disclose options positions based on notional value rather than actual investment [2][3]. - Burry's put options allow him to sell Palantir shares at $50 each by 2027, while the current stock price is approximately $184, indicating a significant gap [2]. Group 2: Market Concerns - Burry has expressed concerns about an AI bubble, likening it to the 2000 internet bubble, and has criticized companies like Nvidia, Palantir, Meta, and Oracle for excessive capital expenditures and inflated valuations [3]. - Citron Research previously estimated Palantir's true value at $40, aligning with Burry's target price of $50 for his put options [3]. Group 3: Fund Status - Burry has officially terminated the SEC registration of his hedge fund, Scion Asset Management, and plans to liquidate the fund and return capital to investors due to disappointment with market valuations [4][10]. - The fund's registration status was terminated on November 10, and Burry hinted at a potential new direction for his investment activities, possibly outside traditional regulatory frameworks [10].