Michael Burry's new short bets spook market and anger Palantir CEO, but his trade is likely underwater

Michael Burry’s new short bets spook market and anger Palantir CEO, but his trade is likely underwater

Michael Burry unnerved investors this week with seemingly fresh wagers against artificial intelligence favorites Nvidia and Palantir Technologies . However, despite the splash his disclosure made, the famed “Big Short” investor is likely sitting on losses from those bearish bets. Burry’s hedge fund, Scion Asset Management, held about 50,000 put contracts on Palantir and 10,000…

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