🔥LATEST: Michael Burry, famous for predicting the 2008 financial crisis, just INCREASED his SHORT BET against AI.
On Monday, Burry confirmed that he SOLD his entire GameStop position, $GMEon , and opened an OUTRIGHT SHORT on Palantir, $PLTR.
He argues GameStop's proposed eBay deal doesn't fit his "Instant Berkshire" thesis, citing leverage and acquisition assumptions.
On $PLTR, Burry says the company is worth "low double digits at best", around $46–$50 per share, and that he is not just shorting the valuation but the business model itself.
This expands his original ~$1 BILLION bearish AI bet from Scion Asset Management's final Q3 2025 13F filing: - $912M notional puts on $PLTR - $187M notional puts on $NVDA
In the same post, Burry disclosed fresh bearish puts on $SOXX, $QQQ, Nvidia $NVDA , and Oracle $ORCL, with 2027 expiries and strike prices well below current levels.
In total, his outright shorts on $PLTR and $TSLA now represent around 2.5% of his portfolio, while his puts on other AI and tech-linked names make up another 7%.
Burry has compared today’s AI boom to the late-1990s tech bubble.
The last time he made a contrarian billion-dollar bet, the global financial system collapsed.