Michael Burry Bets Against Nvidia and Palantir-Could the Shorts Get Buried?

’s CEO Jensen Huang wants the Trump Administration to help it with regulations and to get the states out of its way. The Financial Times reported that Jensen Huang warned that China will beat the U.S. in the artificial intelligence race due to lower energy costs and less regulation. At a Financial Times Future of AI Summit, Huang cited that new AI rules by 50 states could result in “50 new regulations.” Huang’s concerns about China surpassing the U.S. in the AI race is not old news, which is why Nvidia has a Shanghai office and wants to expand its presence in China.
Speaking of Nvidia, news broke that Michael Burry’s Scion Asset Management has bearish bets on Nvidia (NVDA) and (PLTR) via put options. I, for one, look forward to “squeezing” Michael Burry since I do not have more spectacular stocks than Nvidia and Palantir Technologies, which, by the way, announced perfect third-quarter results. Any dip in Nvidia and Palantir Technologies should be viewed as a great buying opportunity.
In summary, I want you to feel good about America’s economic boom underway. The Atlanta Fed recently revised its third-quarter estimate up to a 4% annual pace. I realized that the productivity boom is also displacing a lot of jobs, but that also largely boosts corporate earnings and GDP growth. Jason Furman, a Harvard Economics professor who was previously in the Biden Administration, reported that excluding data centers, the U.S. only had 0.1% GDP growth in the first half of 2025. In other words, data centers and AI are accounting for almost all of U.S. GDP growth, which accelerated to a 3.9% annual pace in the third quarter and is expected to hit a 5% annual pace in 2026.
We are now in a brave new world of technological change. Just like the Internet boom created a stock market boom in the late 1990s, AI and data centers are creating a new boom. Right now, it feels like we are back in 1998. Next year is shaping up to be like 1999, which was my best performing year, where I had multiple small and mid-capitalization portfolios up over 100%. The fact that November is a seasonally strong month with typically an early “January effect” is just the icing on the cake. This is “locked and loaded” time, so prepare for a strong year-end rally and a spectacular 2026.