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Michael Burry has reportedly closed short positions in Nvidia, Micron and Palantir, then bought put options in all three. The Motley Fool says the investor sees the AI-stock boom as vulnerable to a 1987-style crash.
Why it mattersThat is a wager, not proof that a crash is coming. The report also notes Burry’s record since his famous 2008 trade has been mixed, so copying the position would be a particularly brisk way to outsource your homework.
Discuss: Should investors treat Burry’s AI-stock bets as a useful warning, or discount them until his market-timing record improves?
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