The Nasdaq keeps setting new all-time highs, as Nvidia’s market value approaches $5.3 trillion.

Michael Burry, the prototype of *The Big Short*, is adding a reverse bet.
Short: $PLTR directly short + put options, targeting a price in the “low single digits to the low end of the double digits,” which would mean another drop of 60%+ from the current level.
$NVDA: put options (strike price $110, expiring at the end of 2027). Currently at a loss, but not cutting the position.
New addition: $SOXX $Q $ORCL put options.
Long: $ADBE $ADSK $CRM $VEEV $MSCI, software stocks being weighed down by the “AI replacement” narrative.
The logic is just one sentence: short AI-benefiting stocks and long AI-harming stocks.
If the AI bubble narrative corrects, both sides can profit.
While others are greedy, he remains fearful.