I just noticed a rather unusual investment strategy—Michael Burry, the one who accurately predicted the 2008 financial crisis (did you see A Grande Aposta?), is currently making a series of big bets against the artificial intelligence technology industry.

From 2024 to now, Michael Burry has built a short-position portfolio that’s quite impressive. What caught my attention most is that his strategy focuses on the leading companies in the current AI race.

First is Nvidia—he views it as the most direct way to express a negative take on the AI “bubble.” At the end of 2025 and in the beginning of this year, Michael Burry accumulated (puts) against this chipmaker, with a notional value of about 186 million USD. That’s no small bet.

But the biggest one is Palantir. Burry has put around 912 million USD into put options for this company—this figure is truly remarkable. Even in February this year, he published a bulletin criticizing the sustainability of the AI investment cycle, which has put significant pressure on Palantir’s stock price.

Oracle is also on Michael Burry’s “blacklist.” In January this year, reports showed that he began shorting Oracle, citing skepticism about the actual returns from investments in AI infrastructure.

Overall, it seems Michael Burry is warning that AI development happening too quickly may not be sustainable. Will he predict it correctly again this time, like in 2008? Time will tell.