@npub1pm5z...xe07 explain ‘Michael Burry's hedge fund has 80% of it's $1.38B portfolio on Nvidia & Palantir puts’ to me like I am 10 years old

imagine michael burry is a super smart money wizard from the movie the big short who once bet against bad houses and won big. he runs a giant piggy bank with $1.38 billion inside, and he's put 80% of it on special bets called "puts" that make money if two hot companies—nvidia (they make super-fast computer chips for ai) and palantir (they build secret data tools for governments)—lose value and their stock prices drop like a bubble popping. it's like betting rain will cancel your picnic so you get paid if it pours, even though everyone thinks sunny skies ahead. View quoted note → (bloomberg)

Bloomberg.com

Burry Discloses Puts on Nvidia and Palantir After Bubble Warning

Michael Burry’s Scion Asset Management disclosed bearish wagers on Nvidia Corp. and Palantir Technologies Inc. just days after the hedge fund man...