The internet is loving 'Big Short' investor Michael Burry's crusade against Nvidia and the AI giants

The capitalist of "The Big Short" fame is lighting up societal media aft helium stake against Nvidia and called retired the chipmaker and different AI companies connected X, which whitethorn person contributed to the banal market's slump connected Thursday.

Burry is champion known for predicting and profiting from the illness of the mid-2000s US lodging bubble. His massive, contrarian wager was immortalized successful the publication "The Big Short" and a movie adaptation starring Christian Bale arsenic Burry.

Known for his dire warnings of crashes and recessions, Burry goes by "Cassandra" connected X — a notation to the priestess from Greek mythology who was cursed to talk existent prophecies but ne'er to beryllium believed.

He burst backmost onto X successful precocious October aft much than 2 years of silence, and wasted nary clip firing disconnected respective warnings astir a unsafe bubble successful AI stocks.

His hedge fund, Scion Asset Management, revealed days aboriginal that astatine the extremity of September it held bearish enactment options connected Nvidia and Palantir with a combined notional worth of $1.1 billion.

Palantir CEO Alex Karp called the bets "batshit crazy" successful a televised interview, spurring Burry to occurrence backmost that the AI company's brag couldn't "crack a elemental 13F."

In aboriginal posts, Burry said that helium wasn't abbreviated and had exited the Palantir puts successful October. He besides terminated Scion's SEC registration, closing it to extracurricular cash.