✅ The man who predicted the 2008 financial crash is now facing a massive loss betting against Nvidia
🔹 Michael Burry bought around $187M worth of put options on NVIDIA in Q3 2025 with a $110 strike price, when the stock was trading near $130.
Today, Nvidia sits at $208 — about 90% above his strike.
🔹 These puts are now essentially worthless unless Nvidia drops roughly 47% by December 2027.
🔹 Since he entered the trade, Nvidia’s market cap has increased by $2.15 trillion.
🔹 Burry described this position as “the most concentrated way to bet against the AI investment boom,” comparing Nvidia to Cisco Systems before the dot-com crash.
🔹 Cisco once fell 90%.
🔹 Meanwhile, Nvidia has now surpassed $5 trillion in valuation, becoming the most valuable company in the world.
🔹 Burry shut down his hedge fund in November 2025.
🔹 He now runs a $39/month Substack newsletter, warning about an “AI bubble” — while Nvidia continues printing new all-time highs almost every week.