Michael Burry challenges the AI trade with big short bets on Nvidia and Palantir
1. Michael Burry bought put options for 5 million Palantir shares, signaling bearish outlook. 2. His positions account for 80% of Scion's portfolio, indicating a significant bet. 3. Palantir's P/E ratio exceeds 300, raising concerns about overvaluation. 4. Despite beating forecasts, Palantir shares fell 4% in pre-market trading. 5. Burry's skepticism suggests potential market correction for popular AI stocks.