Michael Burry’s Scion Asset Takes $1.1B Nvidia Put Position After 73% Rally
Nvidia shares hit a record $216.61 in late April after surging 73% over the past year, while Scion Asset disclosed put options covering 10 million Nvidia shares with a combined notional value of $1.1 billion. Michael Burry also initiated positions in Microsoft, MSCI, PayPal and Adobe.
1. Nvidia Stock Performance
Nvidia shares have climbed 73% over the past year, reaching an all-time high of $216.61 in late April. Strong demand for AI processors and data-center GPUs has driven the rally, underpinning the company’s market leadership.
2. Scion Asset’s Put Option Bet
Scion Asset Management filed a 13F revealing bearish put options on 10 million Nvidia shares, representing a notional value of approximately $1.1 billion. This sizable wager reflects skepticism about sustained valuation levels following the stock’s recent surge.
3. Burry’s Broader Investment Strategy
Alongside the Nvidia puts, Michael Burry initiated new long positions in Microsoft, MSCI, PayPal and Adobe, signaling a rotation toward select software and services names. These moves align with his view that AI-related valuations may be overheating in certain hardware names.