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Burry's NVIDIA puts are worthless.
> The man who called the 2008 crash is getting steamrolled by Nvidia.
> In Q3 2025, Michael Burry spent $187 million on Nvidia puts at a $110 strike.
> Nvidia was $130 then. It’s $208 now.
> His trade isn’t just wrong it’s buried.
> Those puts are worthless unless Nvidia drops 47 percent before December 2027.
> Since he placed the bet, Nvidia has added $2.15 trillion in market value.
> He compared it to Cisco before the dot‑com crash.
> Cisco fell 90 percent. Nvidia just crossed $5 trillion and became the most valuable company on earth.
> Burry shut down his hedge fund in November 2025.
> Now he runs a $39‑a‑month Substack arguing the AI boom is a bubble while Nvidia keeps hitting new highs.
> The man who once shorted the housing market perfectly is now on the wrong side of the biggest tech rally ever.