Burry's Nvidia Overvaluation Bet
Michael Burry's bearish bets against Nvidia and Palantir indicate a belief that these stocks are overvalued.
Too little corroboration in the last 3 days to call a trend (6 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Indeed, at the end of Q3, 2025, NVDA shares were changing hands at $202.49 and they, by the closing bell on June 9, rose 2.81% to $208.19."
"He has built bearish exposure using put options, including January 2027 puts on Nvidia (NASDAQ:NVDA), as well as January and March 2027 puts on the Invesco QQQ Trust (NASDAQ:QQQ)."
"The core argument is that Nvidia's valuation has been stretched to the point where there is almost no room for disappointment."
"He also revealed that he recently added to his bearish position on Nvidia, choosing options in order to limit his downside risk."
"Technicals show a bearish engulfing pattern on the weekly chart, implying roughly 5 percent near-term downside before the next potential consolidation zone."
"The multiples sit above industry averages, yet they come in below Nvidia’s own five-year historical norms."
"Recent filings also showed large put options against Nvidia and Palantir (PLTR), which means he stands to profit only if the stocks fall."
"Burry later confirmed owning 50,000 Palantir put contracts at a $50 strike and 10,000 Nvidia puts at $110, signaling major downside wagers."
"Michael Burry of Scion Asset Management... revealed on Monday that his fund had bet against two leading AI companies, Nvidia and Palantir."
"Investors should note that Burry’s is a contrarian call on NVDA shares, not a consensus."