Core Viewpoint - Michael Burry, known for predicting the 2008 subprime mortgage crisis, has sparked market discussions again after being reported to have made a significant bet against AI stocks. However, he clarified that the reported amount of $912 million was a media error, and his actual investment was only $9.2 million [2][5][12]. Group 1: Investment Actions - Burry purchased 50,000 put options on Palantir, each costing $1.84, totaling an investment of approximately $9.2 million, not $912 million as reported [5][10]. - The notional value of his options, which corresponds to 5 million shares of Palantir at a stock price of $182, was reported as $912 million, but this figure represents potential exposure rather than actual investment [9][10]. Group 2: Market Concerns - Burry has expressed concerns about an AI bubble, comparing the current market situation to the internet bubble of 2000, citing overinflated valuations in companies like Nvidia, Palantir, Meta, and Oracle [11][12]. - He criticized these companies for excessive capital expenditures and for artificially inflating profits by extending asset depreciation periods [11]. Group 3: Fund Management Changes - Burry has quietly terminated the SEC registration of his hedge fund, Scion Asset Management, indicating a potential shift in his investment strategy [13][16]. - In a letter to investors, he announced plans to liquidate the fund and return capital to investors, expressing disappointment with market valuations [14][16]. - Speculation arises that Burry may move towards a new independent platform for sharing investment insights, potentially bypassing traditional regulatory frameworks [17][18].

数天前引发美股暴跌的知名"大空头"迈克尔·贝瑞（Michael Burry），今日宣布他管理的Scion基金已经从美国证券交易委员会撤销注册。 同时，贝瑞还在社交平台上表示，所谓"9.12亿美元做空"不过是媒体的数学错误——他真实投入的资金只有920万美元。 与此同时，SEC文件显示其旗下Scion Asset Management已于11月10日终止注册。 披露做空细节 否认"十亿美元"做空传闻 11月初，贝瑞管理的Scion基金公布13F监管文件，显示其分别持有两大明星AI公司Palantir、英伟达的看跌期权。他还在社交媒体上屡次发言，认为市场正 处于泡沫状态，并指责科技巨头偷偷拉长算力芯片的折旧时间，从而降低大规模投资对利润表的影响。 彼时，有媒体报道他"十亿美元做空"Palantir、英伟达，这引发了美国科技股的全面下挫。 贝瑞亲自辟谣并披露了持仓细节。他提供的截图显示，他持有5万张Palantir 2027年1月15日到期、行权价50美元的看跌期权，相当于500万股。他同时解释 称，他购买的价格是1.84美元，所以购买这些期权总共花了920万美元。这一交易已经在10月交割完成。 另外，他还持有1万 ...

Core Viewpoint - Michael Burry, known as the "Big Short," has closed his Scion fund and clarified that his short position is significantly smaller than reported, leading to a decline in Nvidia's stock price by over 3% [1][8]. Group 1: Fund Closure and Short Position Clarification - Burry's Scion Asset Management has officially terminated its registration with the SEC as of November 10 [1]. - He stated that the reported "9.12 billion USD short" was a media miscalculation, with his actual investment being only 9.2 million USD [1][4]. - Burry disclosed holding 50,000 put options for Palantir, expiring on January 15, 2027, with a strike price of 50 USD, costing him 9.2 million USD in total [4][5]. Group 2: Market Impact and Future Announcements - The media's misinterpretation of Burry's positions contributed to a broader decline in U.S. tech stocks [4]. - Burry also holds 10,000 put options for Nvidia, expiring on December 17, 2027, but did not disclose the purchase price [5]. - He hinted at a significant announcement on November 25, suggesting that current market conditions will eventually be clarified [7].

【导读】"大空头"关闭旗下基金，英伟达跌超3% 数天前引发美股暴跌的知名"大空头"迈克尔·贝瑞（Michael Burry），今日宣布他管理的Scion基金已经从美国证券交易委员会撤销注册。 披露做空细节 否认"十亿美元"做空传闻 | SEC / | REGISTRATION | EFFECTIVE 2 | | --- | --- | --- | | JURISDICTION | STATUS | DATE | | SEC | Terminated | 11/10/2025 | 同时，贝瑞还在社交平台上表示，所谓"9.12亿美元做空"不过是媒体的数学错误——他真实投入的资金只有920万美元。 与此同时，SEC文件显示其旗下Scion Asset Management已于11月10日终止注册。 11月初，贝瑞管理的Scion基金公布13F监管文件，显示其分别持有两大明星AI公司Palantir、英伟达的看跌期权。他还在社交媒体上屡次发言，认为市场 正处于泡沫状态，并指责科技巨头偷偷拉长算力芯片的折旧时间，从而降低大规模投资对利润表的影响。 彼时，有媒体报道他"十亿美元做空"Palantir、英伟达，这引发了美国 ...

Core Viewpoint - Michael Burry, known as the "Big Short," has closed his Scion fund and clarified that his short position is significantly smaller than reported, leading to a decline in Nvidia's stock price [2][3][4]. Group 1: Fund Closure and Short Position - Burry's Scion Asset Management has terminated its registration with the SEC as of November 10 [4]. - He refuted media claims of a $1 billion short position, stating his actual investment was only $9.2 million [3][6]. - The fund's 13F filing revealed holdings in put options for AI companies Palantir and Nvidia, which contributed to a drop in tech stocks [6][8]. Group 2: Details of Short Positions - Burry holds 50,000 put options for Palantir with a strike price of $50, costing $9.2 million at a purchase price of $1.84 per option [6][8]. - He also possesses 10,000 put options for Nvidia with a strike price of $110, but the purchase price was not disclosed [8]. - The media often misinterprets the notional value of options as the actual investment amount, leading to confusion [8]. Group 3: Market Reaction - Following the news of Burry's actions, Nvidia's stock opened lower, dropping over 3% [14].

Core Viewpoint - Michael Burry, known for predicting the 2008 financial crisis, has withdrawn his Scion Asset Management from SEC registration, indicating a shift away from traditional investment management and a potential move towards independent platforms for sharing investment insights [1][6]. Group 1: Investment Actions - Burry's actual investment in put options for Palantir was only $9.2 million, contrary to media reports claiming a nominal value of $912 million [3][4]. - The nominal value reported for Burry's put options reflects theoretical exposure based on stock prices, not actual cash outlay [4][5]. - Burry's put options for Palantir correspond to 5 million shares, with a strike price of $50, while the current stock price is $184, indicating a significant market premium [5][6]. Group 2: Market Commentary - Burry has expressed concerns about the current market being in a bubble, likening it to the 2000 internet bubble, and criticized tech companies for manipulating depreciation schedules to obscure investment impacts on profits [7][8]. - His decision to close the fund is interpreted as a response to the disconnect between his market outlook and prevailing market conditions, suggesting a desire to avoid the challenges of a potential market downturn [8].

Core 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].

三星证券公司的衍生品分析师Jun Gyun表示："随着韩国综合股价指数达到历史高位，这一指数水平反映了投资者的焦虑情绪。人们对此次上涨的预期已经 过于乐观，看涨期权的价格似乎也过高了。"不过，他还补充道，这并不意味着市场即将出现回调。 智通财经APP获悉，交易员对韩国股市波动的押注大幅增加，这引发了人们对今年表现最佳的市场持续上涨态势的担忧。韩国综合股价指数(KOSPI)波动率 指标已飙升至4月因特朗普加征关税而导致股市暴跌时的水平。这一飙升标志着韩国股市与其他市场相对平静状态的罕见背离，目前韩国综合股价指数波动 率与芝加哥期权交易所波动率指数的差距已接近 2004 年以来的最大值。 周三，反映韩国股市波动预期的指标有所下降，因为基准的韩国综合股价指数连续第三天上涨。今年韩国综合股价指数上涨了 73%，正朝着自 1999 年以来 的最大年度涨幅迈进，这一涨幅超过了全球其他所有指数。囊括蓝筹股的韩国综合 200 指数(该指数常作为被动型基金的基准指标，且有超过 150 万份与之 挂钩的期权)涨幅更是高达 85%，因为涨幅主要集中在三星电子公司和 SK 海力士公司等芯片类股票上，而这些股票在该指数中的权重更大。 ...

Group 1 - Michael Burry's hedge fund, Scion Asset Management, disclosed a third-quarter position holding over $1 billion in put options, primarily betting against Nvidia and Palantir, which constitutes 80% of its total assets [1][3] - Following the disclosure, Nvidia's stock fell by 3.96%, while Palantir experienced a more significant drop of 7.95%, with Nvidia's market value decreasing by approximately $455.1 billion over four trading days [1][3] - The fund's total holdings amount to approximately $1.38 billion, with a significant portion concentrated in put options for Nvidia and Palantir, valued at about $187 million and $912 million respectively [3][4] Group 2 - Burry's actions represent the second time this year he has targeted Nvidia, having previously established a short position worth over $97 million in the first quarter, which was later liquidated [4][5] - The market's interest in shorting Nvidia is reportedly declining, with short positions decreasing from approximately 315 million shares to about 211 million shares between June 2024 and October 2025 [18][20] - Analysts express skepticism regarding Burry's timing, suggesting that his put options may already be at a loss unless Nvidia and Palantir experience further significant declines [20][21] Group 3 - Palantir's CEO criticized Burry's shorting strategy, asserting that the company is genuinely profitable in the AI sector, and emphasized their commitment to delivering strong performance despite external pressures [15] - Palantir reported a 63% year-over-year revenue increase in its latest quarterly earnings, with revenues surpassing analyst expectations for 21 consecutive quarters [15] - Despite strong performance, Palantir's stock has seen an 11.24% decline recently, raising concerns about its high valuation relative to its earnings guidance [15][21] Group 4 - Major investment banks are adopting a dual strategy of lending while simultaneously shorting stocks in the tech and AI sectors, reflecting a cautious approach to the perceived overvaluation in these markets [21][23] - Deutsche Bank has provided significant loans to data center operators, while also exploring hedging strategies to mitigate risks associated with their AI investments [23][25] - The financial sector is increasingly aware of the potential for a market correction in the tech space, with analysts noting that the risks currently outweigh potential rewards [22][25]

Group 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]