The post Big Tech stocks are crashing and fingers point to Michael Burry appeared on BitcoinEthereumNews.com.

Michael Burry rage‑quit Wall Street like it was a bad poker game. One moment, he was betting nearly $1 billion against Palantir, and the next, he was pulling the plug on his entire hedge fund. A routine regulatory filing revealed that Scion Asset Management had piled into $912 million worth of put options against Palantir, just days before Burry told his investors, in plain language, that the market no longer made any sense to him. On November 4, Palantir dropped almost 8% even though the company had reported stronger earnings the night before. The filing also triggered a public outburst from Alex Karp, the chief executive of Palantir, who rushed onto CNBC and lashed out at short sellers. “When I hear short sellers attacking what I believe is clearly the most important software company in America, and therefore the world, in terms of our impact, simply to make money, and trying to call the AI revolution into question… [it] is super triggering to me,” he said. Alex aimed the comment at Burry, who he believed was taking a swing at what he sees as Palantir’s central role in the AI wave. Tracking Burry’s bets and Wall Street backlash Even with the headline number attached to the puts, the actual outlay from Burry was only $9.2 million, and he later suggested that the position had already been closed. Within days, the story shifted again when word spread that he was shutting down Scion Asset Management entirely. Alex got another moment to react publicly, as the investor who had tried to push his stock down exited the game altogether. This hits during a period where bearish investors keep getting crushed. Names like Jim Chanos and Nate Anderson have closed their firms after years of fighting a market that keeps moving upward. It…

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Filed under: News - @ November 16, 2025 11:22 am