Original caption
Michael Burry’s Scion Asset Management disclosed bearish put option positions against Palantir and Nvidia in a regulatory filing, with notional values of $912 million and $187 million respectively — covering 5 million Palantir shares and 1 million Nvidia shares. Scion held no positions in either company the previous quarter, signaling a deliberate pivot. The bets came after Palantir surged 174% on the year and Nvidia became the first company to reach a $5 trillion market cap. Days before the disclosure, Burry broke a long silence on X, writing that sometimes the only winning move is not to play. Filings reflect positions as of quarter end and current holdings may differ. This is NOT financial advice. Invest at your own risk. Follow for daily business and market news #michaelburry #palantir #nvidia #stocknews #businessnews