Nearly two decades after he became a Wall Street legend for predicting the 2008 housing crash, investor Michael Burry once again came out of the shadows with his bold bets against AI darlings Nvidia ( NVDA) and Palantir ( PLTR ).

Michael Burry deregisters Scion Asset Management and plans liquidation after re-emerging into the spotlight for his bearish bets.

As he prepares to close his legendary hedge fund, new filings show "Big Short" investor Michael Burry has bet on six stocks while placing bearish put options on Nvidia (NVDA) and Palantir (PLTR).

Investor Michael Burry sought to clarify certain misconceptions about his latest options bet against Palantir Technologies Inc. (NASDAQ: PLTR), after details of the position were widely misinterpreted in media reports.

Retail investors have typically hated short-sellers. Michael Burry's bets against Palantir and Nvidia have seemingly never made him more popular.

According to Burry, extending these assets' lifespan on paper lets firms spread the depreciation expenses over longer periods, which then lowers reported costs and inflates net income. As per Burry's estimates, these adjustments will lead to a cumulative $176 billion understatement of depreciation between 2026 and 2028.