Burry’s fund, Scion Asset Management, disclosed on Monday that it bought puts — bets that share prices will fall — on two stars of the AI wave: Nvidia and Palantir. Scion bought roughly US$187.6 million in puts on Nvidia and $912 million in puts on Palantir, according to Securities and Exchange Commission filings.
Just ask ChatGPT when’s the best time to short your AI stocks. Sheesh. I can’t believe how dumb you non-AIs are!
/s /s (just in case)