‘Big Short’ Michael Burry sends signal on Nvidia stock

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same time, he scooped up shares in the biggest Chinese tech companies, such as Alibaba and JD.com.For perspective, Nvidia stock has had a forgettable run of late.It’s tracking in the red over the past six months, down 2% and only up 1.2% year to date. Those numbers pale in comparison to its one-year performance, which was roughly 65%.That said, Burry said he bought January 2027 $115 strike puts at $3.30 and is holding onto $100 strike puts from earlier.He sees the trade as 3% of notional value, arguing in his post that “borrowing costs could easily get that high or higher if Nvidia stock really starts falling.”Simultaneously, his new Alibaba and JD.com additions show that he’s rotating into where he sees value, while leaning harder against the market’s most crowded trades.Clearly, Michael Burry needs no introduction in the investing world.He is arguably the most popular contrarian on Wall Street, having built his legend by spotting and betting against the housing bubble before the 2008 financial crisis hit.That trade earned him the moniker “The Big Short,” and more importantly, generated nearly $100 million for himself and $725 million for his investors, CNBC reported.For perspective, he launched his hedge fund, Scion Capital, in 2000, according to MoneyWeek. He shut it down after the financial crisis, and then returned in 2013 with Scion Asset Management.The firm managed a relatively small $155 million worth of assets as of March 2025 before being wound down in November 2025.Nevertheless, he remains as relevant as ever, with his sharp takedowns on AI and related topics. These days, he posts on X (the former Twitter) and publishes on Substack, swinging for the fences about the hottest investing themes.Nvidia’s current market cap: About $4.58 trillion, according to Yahoo Finance2025 year-end market cap: $4.64 trillion 2024 year-end market cap: $3.29 trillion 2023 year-end market cap: $1.22 trillion 2022 year-end market cap: $364.18 billion 2021 year-end market cap: $735.27 billion Source: Companiesmarketcap.comJensen Huang applauds at Nvidia GTC 2026 as the company's AI chip boom fuels growth expectations.Bloomberg/Getty ImagesBurry’s bearish call on Nvidia comes with structure, and the numbers make that intent crystal clear.Nvidia stock is currently trading at around $188.63, according to Yahoo Finance, so the $115 strike sits at 39% below the current price.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 70,667.79 -971.85 (-1.36%)XOM Exxon Mobil Corporation 152.51 -2.53 (-1.63%)ETH-USD Ethereum USD 2,184.58 -30.14 (-1.36%)LWLG Lightwave Logic, Inc. 10.60 +2.16 (+25.59%)XRP-USD XRP USD 1.32 -0.00 (-0.36%)PortfolioSign in to access your portfolioSign inTop gainersOGN Organon & Co. 8.83 +1.92 (+27.79%)XNDU Xanadu Quantum Technologies Limited 8.96 +1.31 (+17.12%)ALAB Astera Labs, Inc. 149.05 +19.59 (+15.13%)MANE Veradermics, Incorporated 68.80 +8.82 (+14.70%)TTMI TTM Technologies, Inc. 121.49 +13.96 (+12.98%)Top losersFSLY Fastly, Inc. 23.07 -6.39 (-21.69%)AKAM Akamai Technologies, Inc. 91.35 -18.26 (-16.66%)FICO Fair Isaac Corporation 922.37 -149.98 (-13.99%)SEZL Sezzle Inc. 59.71 -9.42 (-13.62%)NET Cloudflare, Inc. 166.99 -26.06 (-13.50%)Most activeNVDA NVIDIA Corporation 188.63 +4.69 (+2.55%)PLTR Palantir Technologies Inc. 128.06 -2.48 (-1.90%)HOLX Hologic, Inc. 76.01 +76.01 (0.00%)INTC Intel Corporation 62.38 +0.66 (+1.07%)CRWV CoreWeave, Inc. 102.00 +10.00 (+10.87%)Top economic eventsEarnings eventsMy earnings eventsEarnings events