Dr. Michael Burry of “The Big Short” fame shocked many, enraged some, and intrigued everyone when he pulled the curtain on Scion Asset Management’s latest moves. Undoubtedly, the big story was the $1 billion bet against Palantir (NASDAQ:PLTR) and Nvidia (NASDAQ:NVDA),

Michael Burry boosted his positions in apparel, healthcare, and scientific stocks, while trimming major holdings, showing a cautious yet opportunistic stance in Q3.

Michael Burry of "The Big Short" Fame and Warren Buffett Have Piled Into This Dirt Cheap but Troubled Stock. Should You Follow? Top investors Michael Burry and Warren Buffett aren’t known for following the crowd.

Michael Burry's Scion Asset Management filed an updated 13F showing a new large bearish position in Palantir and Nvidia, among others.

Michael Burry’s Scion Asset Management disclosed bearish wagers on Nvidia Corp. and Palantir Technologies Inc. just days after the hedge fund manager posted a cryptic warning to retail investors about market exuberance.

James Kardarzke, the co-founder of stock research platform Quantitative, claimed: "Michael Burry has a history of making large bearish bets when he perceives there to be a bubble, most notably prior to the housing market crash of 2008."

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