The Latest Breaking News from Scion Asset Management

Venture capitalist Chamath Palihapitiya dismissed “Big Short” investor Michael Burry as incompetent this week, stating the famed bear is “not very good at what he does” following Burry's suggestions that Nvidia Corp. (NASDAQ:NVDA) is using accounting tricks to inflate its value.

“Big Short” famed investor Michael Burry, known for predicting the 2008 financial crisis, recently de-registered his hedge fund Scion Asset Management. He has now clarified that it is still active in markets.

Michael Burry revealed put positions on Nvidia and Palantir in Q3. Here are two other stocks worth bearish bets here.

Michael Burry has terminated his registration with the SEC and announced the closure of his hedge fund, Scion Asset Management, naming protege Phil Clifton as the heir apparent to his investment business.

Michael Burry revealed that he was deregistering his Scion Asset Management after entering put positions on Nvidia and Palantir in the third quarter.

Michael Burry, the investor who rose to fame for his prescient bet against the 2008 housing market, and most recently for his bets against Palantir Technologies Inc. (NASDAQ:PLTR) and Nvidia Corp. (NASDAQ:NVDA), has de-registered his hedge fund, Scion Asset Management, LLC.

Nvidia shares inched lower on Tuesday as a filling confirmed Michael Burry is betting against them. Here’s why NVDA stock still remains a great long-term holding.

Michael Burry's Scion Asset Management bets against Nvidia and Palantir, raising concerns of an AI market bubble despite their strong performance.

“Sometimes, we see bubbles,” Burry said in a recent X post. “Sometimes, there is something to do about it. Sometimes, the only winning move is not to play.”