The Big Short investor bets $1B against AI
Famed "Big Short" investor Michael Burry just took massive bearish positions against Nvidia and Palantir, buying over $1B in put options through his hedge fund. Burry posted warnings comparing today's AI spending surge to the dot-com bubble, prompting Palantir CEO Alex Karp to fire back and call the short "bats–t crazy." Why it matters: Even as tech leaders tout endless growth, prominent contrarian investors are actively wagering on a harsh valuation reset.