Investor Michael Burry revealed a hedge fund position against tech giants Nvidia and Palantir. Palantir raised its revenue outlook to $4.4 billion but shares fell amid valuation concerns. Trump stated the US would block Nvidia chip sales to China. Burry predicted the 2008 housing crash and manages $155 million in assets.

Burry is a contrarian investor who engaged in the market bubble debate. He cautioned about bubbles in a post on X, referencing his portrayal in “The Big Short.” The Nasdaq Composite surged over 20% this year. Burry, known as “Princess Cassandra” on X, previously bet against Tesla with put options.

Scion Asset Management disclosed a bullish position on Estée Lauder, leading to a 40% stock rally since May.

Read more at Yahoo Finance: Michael Burry of ‘Big Short’ fame discloses bets against Palantir and Nvidia