Scion's Put Options Trigger Market Downturn as AI Bubble Warnings Grow

Scion bought put options on Palantir and Nvidia in Q3, worth $912M and $186.6M.
Palantir and Nvidia dropped 8% and 4% after the disclosure, sparking a tech sell-off.
Michael Burry warned AI spending may mirror the dot-com bubble.
Palantir rose 174% and Nvidia 13x this year, fueling debate over AI valuations.

Technology | Finance | Investment

United States

Michael Burry | Alex Karp

7 hours ago