Palantir Is Down 7.9% After Michael Burry Discloses $1B Short, Here Are His Other Open Positions

What goes up must come down…

Michael Burry, famed investor of the Big Short fame was depicted by famous actor Christian Bale in the famous movie, the Big Short that depicted that one time he shorted the economy, is back with another big short and this time it’s even bigger than the last one.

Burry has bet $1.1 billion dollars in money on Nvidia and Palantir stock falling and then what happens?

BOOM.

7.95 points down. Burry, you’ve done it again you son of a bitch, you’ve reallly done it again.

More Palantir news: Palantir Stock Slumps 12% After Everyone Realizes No One Knows What The Company Does

Burry’s on a rampage on X, posting pictures of Christian Bale, declaring the bubble is about to burst and ringing a big bell screaming “the end is nigh.”

Michael Burry Tweet — Not sure what’s scarier, that face or the graph…

…I think he might be trying to tell us something…

“On Monday, he posted a chart titled “US tech capex [capital expenditure] growth is matching the tech bubble of 1999-2000” and another showing how growth in demand for cloud computing at major tech companies is slowing.”

Cool, cool, cool.

Michael Burry Tweet 2 — I can’t read all that because it’s blurry so I’m just going to assume it’s bad news

Burry Your Head In Your Hands

Tbh he’s not a lone Cassandra for once as many economists are pointing out parallels between now and 2008. Nvidia just capped at a $5 trillion valuation amongst plans to invest in every company. Similarly the US Government has placed big chips on this whole AI thing panning out.

It’s fine, if the bubble pops what’s the government going to do? Shut down? I got news for you sonny jim…

But here’s hoping Micheal is wrong this time (he was wrong two years ago tbf) and our whole economy isn’t doomed to implode in a fiery ball of chaos that makes a couple people rich but does spawn a killer movie.

For more Michael Burry shenanigans, read this: Jim Cramer Removes Michael Burry Mask He’s Been Wearing For Two Years

Chipotle Stock Just Tanked And It’s All You Young People’s Fault

These goddam kids. You aren’t drinking. You aren’t clubbing. YOU AREN’T EATING CHIPO...

Stonks

Nvidia Becomes First $5 Trillion Company, Now Worth Two Canadas

US chip manufacturer Frito Lay, no wait, sorry, Nvidia just became the first company in th...

Stonks

Nvidia Makes Deals With Absolutely Everyone, Here’s How Investors Reacted

Eli Lilly, Palantir, Hyundai, Samsung, Nokia, Uber are just some of the massive deals Nvid...

Stonks

Latest news