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BlockBeats News, May 10th, "The Big Short" Michael Burry stated in his recent blog post that he has increased his short position in AI-related stocks such as Nvidia and Palantir. Regarding Palantir, he believes the company is worth at most $46-50 per share and he has raised concerns about its business model.
Michael Burry also holds a significant amount of put options against NVDA, SOXX, QQQ, and ORCL expiring in 2027, totaling approximately 9.5% of his investment portfolio in short positions.
It is worth noting that Michael Burry has been holding a large number of AI short positions since Q3 of last year. He has a history of incurring losses due to acting prematurely (such as being squeezed before the 2008 crisis).
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