Michael Burry Adds NVDA Calls and Short Positions Ahead of Earnings
Michael Burry said Nvidia is worth less than its market value and added to NVDA shorts while buying December NVDA call options ahead of the company’s earnings. He increased shorts in Oracle, Palantir, Nebius and Caterpillar and said his total short stock position is over 21% of his portfolio. He expects pressure on Nvidia’s monopoly power and earnings margins.
Coverage (3)
- NVIDIA (NVDA), Palantir Technologies (PLTR), and the AI Achilles’ Heel: Steve Eisman’s Concentration Warning Explained (finance.yahoo.com)
- Michael Burry buys Nvidia calls as hedge, expands shorts on Oracle and Palantir (NVDA:NASDAQ) (seekingalpha.com)
- Michael Burry Buys NVDA Calls As A ‘Hedge,’ Adds To ORCL, PLTR, NBIS Shorts — Why He Thinks ‘Nvidia Will Not Distribute Enough To Shareholders’ (stocktwits.com)