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Key Points
Billionaire investor Michael Burry has taken significant short positions in Palantir Technologies and Nvidia, two prominent players in the artificial intelligence sector. His recent Form 13F filings reveal these bets against the companies, signaling his bearish outlook.
Palantir’s stock trades at a price-to-sales ratio of 143, making it the most expensive in the S&P 500, while Nvidia holds over 90% market share in data center GPUs and trades at a more reasonable 30 times sales. Burry is reportedly concerned about high valuations and competitive pressures impacting both stocks. In his portfolio, nearly 48% is allocated to put options against the iShares Semiconductor ETF, which has surged 87% since then.
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