Michael Burry, the investor who famously predicted the US mortgage crisis, that became the trigger for the global financial crisis of 2008, has disclosed bearish positions on Nvidia Corp. and Palantir, the former being the most valued company in the world, and the latter being the most expensive stock on the S&P 500 index.

As per his latest 13F regulatory filings, Burry's Scion Asset Management has disclosed buying put options of Nvidia and Palantir. Put options generally profit from a decline in stock prices. The disclosures, made on Tuesday morning US Time, led to a 4% drop in shares of Nvidia, while Palantir fell over 8% despite raising the full year earnings guidance and convincingly beating street estimates for the ongoing quarter.

Nvidia recently crossed $5 trillion in market capit

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