Michael Burry — the investor who famously predicted the 2008 financial crash — just made a $900 million bet against Palantir (NASDAQ: PLTR).<br />According to his latest SEC filing, Scion Asset Management purchased 5 million put options on Palantir and 1 million on Nvidia (NASDAQ: NVDA) — signaling that Burry believes an AI bubble could be forming.<br /><br />Burry’s post on X (formerly Twitter) featured charts comparing cloud growth from Amazon, Alphabet, and Microsoft to the tech bubble of 1999–2000, with a caption reading:<br /><br />“These aren’t the charts you’re looking for. You can go about your business.”<br /><br />At the time of filming, Palantir stock was down 7.9% in premarket trading to $190.81, after closing at $207.18.<br />Despite the dip, analysts remain split — with a 12-month average price target of $215 and a high estimate of $255.<br /><br />This video breaks down Burry’s bearish bet, analyst sentiment, and what it could mean for AI stocks like Palantir, Nvidia, and Microsoft as investor euphoria meets rising risk.
