Overview
- Scion’s 13F shows put options on roughly 5 million Palantir shares (~$912 million) and 1 million Nvidia shares (~$187 million), about 80% of its reported U.S. equity holdings at quarter‑end.
- Palantir fell roughly 6%–10% and Nvidia slipped a few percent after the disclosure, with broader AI and tech names also weakening in early Tuesday trading.
- Palantir CEO Alex Karp blasted the wager on CNBC, calling shorting Palantir and Nvidia “batsh‑t crazy” and arguing the companies are generating substantial profits.
- The filing offers limited clarity on net exposure because 13F reports only certain long positions; the puts could be part of spreads or hedges, and holdings may have changed since September 30.
- Burry had warned of market “bubbles” on X and shared charts on AI capex and interlinked deals; Scion also disclosed call options on Pfizer and Halliburton and reported total positions of about $1.38 billion.