Michael Burry has sold his entire December 2026 put options on Nvidia, along with his near-term short positions on Palantir. This reallocation aims to free up capital while maintaining longer-term bearish bets on artificial intelligence and tech, including puts on Palantir and the Nasdaq-100 expiring in December 2027. His short positions represent more than 21% of his portfolio. His largest long positions remain Lululemon at approximately 17%, MercadoLibre at nearly 12%, and Molina Healthcare. Burry maintains that massive corporate investments in GPUs and data centers will not generate the expected revenues, and he has described some financing structures as « fugazi » (fictitious).
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