Michael Burry vs Nvidia: The most expensive bearish bet in AI right now 📉⚡
The investor who famously predicted the 2008 crash is back in the spotlight, but this time the market is moving completely against him.
Michael Burry reportedly bought around $187 million worth of Nvidia put options at a $110 strike price in Q3 2025, when Nvidia was trading near $130. Fast forward to now, Nvidia has surged to about $208, pushing roughly 90% above that strike level.
In simple terms, those puts are now deep out of the money and could become almost worthless unless Nvidia drops around 47% before December 2027.
Since that bet, Nvidia has added more than $2.15 trillion in market value, continuing its explosive AI-driven rally. Burry had described it as “the most concentrated way to express a bearish view on the AI trade,” even comparing Nvidia’s trajectory to Cisco before the dot-com crash.
But the comparison looks very different today. Cisco eventually collapsed nearly 90% after the bubble burst, while Nvidia has now crossed the $5 trillion mark and sits as the most valuable company in the world.
Adding to the irony, Burry shut down his hedge fund in November 2025 and now shares his views through a $39/month Substack newsletter, while Nvidia keeps printing new all-time highs week after week.
Markets are watching closely: conviction vs momentum, theory vs reality. 📊🚀
#Nvidia #MichaelBurry #AIStocks #StockMarket #Investing
