Michael Burry is the billionaire investor famous for predicting the 2008 housing crash immortalized in the book and movie titled, “The Big Short.” While he doesn’t always short stocks, it seems that Burry has turned his skeptical eye toward the artificial intelligence (AI) sector. In Scion’s recently filed 13F filing, the billionaire disclosed substantial put options on two of the leading AI companies: Palantir Technologies (NYSE:PLTR) and Nvidia (NASDAQ:NVDA).
These bets position him to profit if the stocks decline, signaling his doubt in the ongoing AI hype. The move raises the question of whether Burry is a contrarian warning to investors, or just another pessimistic call from an AI perma-bear.
This post originally appeared at 24/7 Wall St.