Michael Burry Warns on $NVDA Valuation, Shifts From Stock Shorts to Put Options

Bearish investor Michael Burry has criticized $NVDA over its valuation and massive $150 billion share buyback authorization, drawing parallels between CEO Jensen Huang's media visibility and $PLTR CEO Alex Karp.
Burry disclosed that he has closed his direct short positions across several artificial intelligence stocks—including $NVDA, $PLTR, $MU, $NBIS, and $CAT—and replaced them with put options extending into 2027 to increase leverage against a potential market downturn.