Overview
- Burry’s latest 13F shows Scion Asset Management bought put options tied to Nvidia and Palantir with roughly $1.0–$1.1 billion in notional exposure as of Sept. 30.
- The disclosure offers little clarity on whether the puts are hedges or directional shorts, even as some commentators characterize the move as an aggressive wager.
- Palantir CEO Alex Karp publicly blasted the trade as egregious, underscoring corporate pushback to high-profile bets against leading AI names.
- Investor commentary diverged: Yahoo Finance urged measured risk trims rather than wholesale selling, while a Forbes analysis defended the AI bull case and cited Palantir’s reported Q3 revenue of $1.18 billion and full-year adjusted free cash flow guidance of $1.9–$2.1 billion.
- Forbes noted Scion’s reported ~$155 million in discretionary AUM relative to the trade’s notional size and pointed out the filing’s early timing, presenting these as context for interpreting the disclosure.