Michael Burry made his name betting against a market everyone else trusted. This time, the market pushed back harder than usual, and the damage showed up across nearly every corner of his bearish portfolio.
August turned into one of the roughest months yet for his bearish AI positions, even as he kept adding to them rather than backing away. The stretch offers a real test of how long conviction can hold up against a genuinely strong earnings season.
Most of the stocks Burry was bearish on advanced during August, led by sharp gains in Palantir, Nvidia, and Micron. The month highlighted a real risk for AI skeptics: valuation concerns can look extreme for a long time before momentum and earnings growth actually break. August gave little evidence that a break is imminent.
Palantir was by far the biggest problem. The stock surged 51.4% in August, even as Burry maintained out-of-the-money put options with a $100 strike expiring December 2026 and a $50 strike expiring June 2027, according to Yahoo Finance.
More AI:
#august
August turned into one of the roughest months yet for his bearish AI positions, even as he kept adding to them rather than backing away. The stretch offers a real test of how long conviction can hold up against a genuinely strong earnings season.
Most of the stocks Burry was bearish on advanced during August, led by sharp gains in Palantir, Nvidia, and Micron. The month highlighted a real risk for AI skeptics: valuation concerns can look extreme for a long time before momentum and earnings growth actually break. August gave little evidence that a break is imminent.
Palantir was by far the biggest problem. The stock surged 51.4% in August, even as Burry maintained out-of-the-money put options with a $100 strike expiring December 2026 and a $50 strike expiring June 2027, according to Yahoo Finance.
More AI:
#august
18 days ago
