The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops

"According to the Securities and Exchange Commission filings, his fund, Scion Asset Management, bought $187.6 million in puts on Nvidia and $912 million in puts on Palantir, as CNN reports.

Burry similarly made a long-term $1 billion bet from 2005 onwards against the US mortgage market, anticipating its collapse. His fund rose a whopping 489 percent when the market did subsequently fall apart in 2008."

"Investors have poured tens of billions of dollars into firms like Nvidia and Palantir, ballooning their valuations to historic levels. Nvidia recently closed with a market cap of $5.04 trillion, becoming the first company ever to cross the $5 trillion threshold. Palantir’s market cap is also up over 150 percent year-to-date. Its current valuation is upwards of 200 times its forward earnings, spreading fears that it may be grossly overvalued."

https://futurism.com/artificial-intelligence/big-short-michael-burry-1-billion-ai-bubble

#AI #Finance #BigShort

The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops

"According to the Securities and Exchange Commission filings, his fund, Scion Asset Management, bought $187.6 million in puts on Nvidia and $912 million in puts on Palantir, as CNN reports.

Burry similarly made a long-term $1 billion bet from 2005 onwards against the US mortgage market, anticipating its collapse. His fund rose a whopping 489 percent when the market did subsequently fall apart in 2008."

"Investors have poured tens of billions of dollars into firms like Nvidia and Palantir, ballooning their valuations to historic levels. Nvidia recently closed with a market cap of $5.04 trillion, becoming the first company ever to cross the $5 trillion threshold. Palantir’s market cap is also up over 150 percent year-to-date. Its current valuation is upwards of 200 times its forward earnings, spreading fears that it may be grossly overvalued."

https://futurism.com/artificial-intelligence/big-short-michael-burry-1-billion-ai-bubble

#AI #Finance #BigShort

Michael Burry a.k.a. "Big Short",discloses $1.1B bet against Nvidia&Palantir

https://sherwood.news/markets/michael-burry-big-short-discloses-1-1-billion-options-bet-against-nvidia-palantir-puts/

#HackerNews #MichaelBurry #BigShort #Nvidia #Palantir #InvestmentNews #FinanceTrends

🧵Steve Eisman ‘Big Short’ interview

Michael Lewis: Do you see anything going on in the banking system that worries you?

Steve Eisman: [The Private Equity is world is multiples bigger. No one really knows what’s going on there and it hasn’t been stress tested like the banking system] If there’s a problem that emerges, I think it’ll emerge from there.

#BigShort #privateequity
https://overcast.fm/+AA5Jd4bfg9s/24:20

⭐️⭐️⭐️ Interview with two who recognized the sub-prime crisis and ran ‘The Big Short’ for real.

“Michael Lewis speaks with Greg Lippmann, formerly a bond trader at Deutsche Bank, made famous when he was portrayed by Ryan Gosling in the movie version of The Big Short. And Lewis catches up with Steve Eisman, the Wall Street investor who was played by actor Steve Carell.”

#movies #BigShort #podcast
https://overcast.fm/+AA5Jd4bfg9s