Michael Burry, known for correctly predicting the 2008 mortgage crisis, is betting against Nvidia, Palantir, Tesla and Micron through put options. He argues Nvidia's chips are not being depreciated properly and their usable life will be shorter than expected, and he criticises its circular financing, such as its deal with CoreWeave, which Nvidia has rejected. Burry calls Palantir wildly overvalued, with its stock at 171 times trailing earnings and 84 times trailing sales, while Tesla, with a P/E of 359 and net income down 60% last year, is also a target. On Micron, he worries the memory cycle will turn down, even though its stock is up 220% year to date and trades at 12 times trailing sales. The author agrees Palantir looks overvalued, would not make Nvidia a central holding, and sees Micron as a stock to approach with caution.
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NVDAMichael Burryvaluationartificial intelligence
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Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/21/2026 | 221.97 |
| Change that session | +2.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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