Michael Burry
Founder, Scion Asset Management
The AI boom is the housing bubble with GPUs: hidden debt, stretched depreciation, and a crowd that can't imagine losing. He can.
The investor who shorted the housing bubble in The Big Short is now the AI boom's most-watched bear: $1.1 billion notional in puts against Nvidia and Palantir, a Substack ("Cassandra Unchained") dissecting hyperscaler depreciation games, and — as of July 2026 — a short against Micron after its 700% run. His record includes being spectacularly right, publicly wrong ("I was wrong to say sell"), and always early.
Basis for the leaning assessment
No endorsements and rare political comment; his public record is market contrarianism, not partisanship. Effectively unplaceable — a pure test for the community vote. (No freely licensed photograph of Burry exists, so his profile shows a clearly-labeled editorial illustration instead.)
Current Stances
Stances are editorial interpretations, always shown with the statements and actions they rest on.
The AI boom is levered, mispriced and late-stage
Puts against Nvidia and Palantir, a short against Micron, and a running audit of hyperscaler depreciation and "hidden debt": the fullest bear case anyone with money has made.
Supporting statements & actions (2)
Scion disclosed bearish put options against Nvidia and Palantir with a combined notional value of $1.1B — and he began publishing "Cassandra Unchained," accusing AI giants of stretching depreciation schedules to inflate earnings.
His return from two years of silence, aimed squarely at the AI trade's accounting.
"Burry is back and he's short Nvidia" trended within an hour of the filing.
Disclosed shorting Micron at $1,051.87 — after a ~700% one-year run — attributing the rally to "fear of missing out, the greater fool theory, and public commitment bias," and calling a new Korean chip hub "the beginning of the end."
He also flagged an estimated $1.65 trillion in Big Tech "hidden debt" via SPVs and leases.
The Micron disclosure set off a day-long fight between AI bulls and bears across X.
Contrarian to the point of pain
The subprime short defined the method: solitary, early, and indifferent to ridicule — with the 2023 "Sell" episode showing both the cost and the candor.
Supporting statements & actions (2)
In "I Saw the Crisis Coming. Why Didn't the Fed?", recounted shorting the subprime mortgage market from 2005 — alone, early, and against universal ridicule — and asked why regulators never saw it.
The trade chronicled in The Big Short; the template for every Burry position since.
I was wrong to say sell.
A rare public self-correction, eight weeks after the call.
The apology went as viral as the call — almost unheard of on finance Twitter.
Goals
Short-term
Profit from the AI unwind
Active$1.1B notional against Nvidia and Palantir, a Micron short, and a public paper trail explaining exactly why.
Declared: 2025-11-03Source ↗
Long-term
Keep warning even when early
ActiveCassandra Unchained is the project: document the excess in real time, accept the ridicule, and be owed an apology later.
Declared: 2025-11-03Source ↗
Consistency Tracker
Does each new statement or decision square with the record? Verdicts are not accusations: both sides of the record are presented so readers can judge for themselves.
Earlier statement / action
Sell.
His entire market call for 2023, posted ahead of a Fed meeting. The S&P rose about 24% that year.
One word, millions of views: peak cryptic-Burry.
Later statement / action
I was wrong to say sell.
A rare public self-correction, eight weeks after the call.
The apology went as viral as the call — almost unheard of on finance Twitter.
Eight weeks separated "Sell" from "I was wrong to say sell" — one of the only public self-corrections by a famous investor on the record. Supporters read integrity; detractors read a pattern of dramatic calls quietly walked back. Both should note the correction was as public as the call.
Earlier statement / action
In "I Saw the Crisis Coming. Why Didn't the Fed?", recounted shorting the subprime mortgage market from 2005 — alone, early, and against universal ridicule — and asked why regulators never saw it.
The trade chronicled in The Big Short; the template for every Burry position since.
Later statement / action
Disclosed shorting Micron at $1,051.87 — after a ~700% one-year run — attributing the rally to "fear of missing out, the greater fool theory, and public commitment bias," and calling a new Korean chip hub "the beginning of the end."
He also flagged an estimated $1.65 trillion in Big Tech "hidden debt" via SPVs and leases.
The Micron disclosure set off a day-long fight between AI bulls and bears across X.
The 2026 Micron short runs the 2005 subprime playbook line by line: a consensus that cannot imagine losing, leverage hiding in new places (SPVs and depreciation schedules instead of CDOs), and a solitary position taken early and explained in public. Whether the ending repeats is the open question — but the method has not changed in twenty years.
Most-Cited Sources from Voterscommunity reading list
Articles readers attached to their poll votes as evidence. Only pages cited independently by two or more voters are listed.
- 1www.aol.com/news/big-short-investor-michael-burry-084328082.html ↗
Cited by 3 voters
Liberal 1Conservative 2 - 2www.bloomberg.com/news/articles/2023-02-01/will-stocks-fall-michael-burry-says-sell-in-ominous-tweet-ahead-of-fed ↗
Cited by 3 voters
Liberal 2Conservative 1 - 3www.thestreet.com/investing/big-short-investor-michael-burry-issues-blunt-4-word-warning-on-ai-stocks ↗
Cited by 3 voters
Liberal 1Conservative 2
Most-Discussed Moments
The statements and actions that set social media on fire — top 4, in chronological order. Every entry links to its source.
- 2023-01-31Social post
Sell.
His entire market call for 2023, posted ahead of a Fed meeting. The S&P rose about 24% that year.
One word, millions of views: peak cryptic-Burry.
- 2023-03-30Social post
I was wrong to say sell.
A rare public self-correction, eight weeks after the call.
The apology went as viral as the call — almost unheard of on finance Twitter.
- 2025-11-03Filing
Scion disclosed bearish put options against Nvidia and Palantir with a combined notional value of $1.1B — and he began publishing "Cassandra Unchained," accusing AI giants of stretching depreciation schedules to inflate earnings.
His return from two years of silence, aimed squarely at the AI trade's accounting.
"Burry is back and he's short Nvidia" trended within an hour of the filing.
- 2026-07-01Social post
Disclosed shorting Micron at $1,051.87 — after a ~700% one-year run — attributing the rally to "fear of missing out, the greater fool theory, and public commitment bias," and calling a new Korean chip hub "the beginning of the end."
He also flagged an estimated $1.65 trillion in Big Tech "hidden debt" via SPVs and leases.
The Micron disclosure set off a day-long fight between AI bulls and bears across X.
Timeline of Statements & Actions5 records, newest first
Disclosed shorting Micron at $1,051.87 — after a ~700% one-year run — attributing the rally to "fear of missing out, the greater fool theory, and public commitment bias," and calling a new Korean chip hub "the beginning of the end."
He also flagged an estimated $1.65 trillion in Big Tech "hidden debt" via SPVs and leases.
The Micron disclosure set off a day-long fight between AI bulls and bears across X.
Scion disclosed bearish put options against Nvidia and Palantir with a combined notional value of $1.1B — and he began publishing "Cassandra Unchained," accusing AI giants of stretching depreciation schedules to inflate earnings.
His return from two years of silence, aimed squarely at the AI trade's accounting.
"Burry is back and he's short Nvidia" trended within an hour of the filing.
I was wrong to say sell.
A rare public self-correction, eight weeks after the call.
The apology went as viral as the call — almost unheard of on finance Twitter.
Sell.
His entire market call for 2023, posted ahead of a Fed meeting. The S&P rose about 24% that year.
One word, millions of views: peak cryptic-Burry.
In "I Saw the Crisis Coming. Why Didn't the Fed?", recounted shorting the subprime mortgage market from 2005 — alone, early, and against universal ridicule — and asked why regulators never saw it.
The trade chronicled in The Big Short; the template for every Burry position since.