Michael Burry Maintains Bearish Nvidia Stance While Noting Potential Short-Term Trade

Investor Michael Burry reiterated his bearish long-term view on Nvidia Corporation despite viewing the stock as a potential short-term trade following a sharp sell-off. Nvidia shares plunged toward the $168.89 to $169 range, falling nearly 10% after CEO Jensen Huang disclosed a personal scandal involving a suspected Chinese spy. The drop pushed Nvidia down more than 30% from its October 6 peak of $243, erasing over $1.7 trillion in market capitalization. Burry holds leveraged put options struck in the mid-$100s expiring next September, citing regulatory risks and high valuations, while simultaneously taking a major position in MercadoLibre.