Michael Burry’s Strategic Moves: Bets Against Nvidia and Chinese Tech Giants

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Renowned investor Michael Burry, famed for his prescient call on the 2008 financial crisis and notably depicted in the film The Big Short, has taken a decisive stance against some of the major players in the tech industry. In a recent quarterly filing with the Securities and Exchange Commission (SEC), Burry’s firm, Scion Asset Management, revealed a series of bearish bets.

Burry’s firm initiated put options against Nvidia Corp. (NASDAQ: NVDA), signaling a bearish outlook on the chip maker’s future. This comes despite Nvidia’s significant gains driven by the artificial intelligence boom, suggesting Burry anticipates a downturn in the company’s stock value.

In addition to Nvidia, Scion has also placed negative put options against several Chinese technology firms, including Alibaba Group (NYSE: BABA), Baidu Inc. (NASDAQ: BIDU), and JD.com. Previously, Scion held long positions in these companies, marking a notable shift in strategy.

Interestingly, the only long position remaining in Scion’s portfolio is its investment in Estée Lauder, a prominent cosmetics company, underscoring a selective approach in maintaining long-term holdings.

The portfolio adjustments were disclosed through Form 13F, a regulatory filing required by the SEC for institutional investment managers overseeing more than $100 million in qualifying securities. While these documents provide a quarterly snapshot of a fund’s positions, they do not offer insights into current transactions or the specific size of option positions.