Michael Burry placed a $1.1billion bet that heavy hitter artificial intelligence companies Nvidia and Palantir will see a fall in their their share values.

Michael Burry doubles down on long-term shorts and Buffett’s valuation gauge hits record highs, warning markets are dangerously overextended.

Meanwhile, Veteran analyst Stephen Guilfoyle credits Palantir’s growth to strong fundamentals, noting, “Sales are running wild as are margins. The commercial business is exploding. Cash flows are not just robust; they are enormous. The balance sheet is simply the greatest balance sheet I can remember seeing. The CEO is focused and aggressive.”

Famed investor Michael Burry’s Scion Asset Management disclosed new bullish positions in Pfizer ( PFE ), Halliburton ( HAL ), Molina Healthcare ( MOH ), and Lululemon Athletica ( LULU) in its latest quarterly regulatory filing.

A US investor depicted in the film The Big Short has placed a significant bet against artificial intelligence (AI).