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News  ›  Benzinga

Michael Burry Is Super-Bearish On Palantir — With 5 Million Puts

Benzinga Logo Benzinga By Erica Kollmann
Michael Burry Is Super-Bearish On Palantir — With 5 Million Puts

Billionaire investor Michael Burry's hedge fund Scion Asset Management purchased 5 million put options on Palantir and 1 million put options on NVIDIA, signaling a bearish stance on these tech companies while also highlighting potential concerns about an AI investment bubble.

Insights
PLTR   negative

Burry purchased 5 million put options worth $912.1 million, indicating a strong bearish outlook on the company's future performance