Nvidia · Tesla · Crypto Briefing
Michael Burry cautions investors to reduce exposure to parabolic tech stocks
Compiled by KHAO Editorial — aggregated from 1 outlet. See llms.txt for citation guidance.
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The Big Short investor has moved 40% of his portfolio to cash and loaded up on put options against NVIDIA and Tesla.
Key facts
- Scion Asset Management’s Q1 2026 13F filing shows roughly $60 million allocated to cash and $85 million in put options
- The current Nasdaq P/E ratio sits at 35x forward earnings, according to Goldman Sachs, the highest level since 2000
- Burry has drawn explicit parallels between today’s Nasdaq 100 trajectory and the peak of the dot-com bubble in 2000
- The Big Short investor has moved 40% of his portfolio to cash and loaded up on put options against NVIDIA and Tesla
Summary
Michael Burry, the man who made a fortune betting against the housing market before it imploded in 2008, is sounding the alarm again. Burry is advising investors to trim their positions in stocks with parabolic price trajectories and raise cash. Scion Asset Management’s Q1 2026 13F filing shows roughly $60 million allocated to cash and $85 million in put options. Burry also liquidated all of his Chinese tech holdings during Q1 2026.