Michael Burry Exits Bearish Bets on Nvidia and Palantir to Curb Risk

Key Facts

1Investor Michael Burry exited all of his Nvidia and Palantir put options dated for December 2026.

2Burry trimmed most of his other investment positions in an effort to reduce overall portfolio risk.

In a move reflecting a shift in strategy by one of Wall Street's most watched bears, investor Michael Burry has exited his short positions against Nvidia and Palantir. According to reports, Burry's Scion Asset Management closed out all put options that were dated for December 2026. This decision is characterized as part of a broader risk-reduction strategy, as Burry also trimmed most of his other investment positions to lower overall portfolio exposure.

This retreat from bearish bets comes as tech peers show significant market valuations, with AMD closing at $505.74 and INTC at $104.47 on September 8, 2026, per market data. Additionally, TSM closed at $434.97 on September 9, 2026, highlighting the continued momentum in the semiconductor and AI sectors that Burry had previously targeted through his options strategy.

As of the close on September 9, 2026, NVDA stood at $224.088 while PLTR was priced at $170.83. Traders will be watching to see if the removal of this high-profile bearish overhang provides further support for these stocks, especially as the upcoming economic calendar shows few immediate catalysts directly impacting the tech sector in the coming days.