Report says Michael Burry has taken a put position against Nvidia while backing a healthcare name

Michael Burry, the hedge-fund investor who became widely known for calling the 2008 financial crisis, is now the subject of a new market report alleging he has used options to express a bearish view on Nvidia while simultaneously building a position in a healthcare stock.

The report, published June 18 by 247WallSt and syndicated via Yahoo Finance, says Burry’s final 13F disclosures before shutting down Scion Asset Management in late 2025 showed put options against Nvidia. Put options are contracts that give the holder the right to sell a stock at a set price, typically used to hedge or to profit from expected declines in the underlying shares.

According to the same account, Burry also shifted to publishing a Substack newsletter after Scion’s closure. The newsletter, as described in the report, warns of an “AI bubble,” a framing that has helped explain why some investors have focused on his evolving use of derivatives rather than only his long stock picks.

The article’s headline claim is that Burry is “shorting Nvidia” in connection with those put positions. However, the report does not provide the strike prices, expiration dates, option ratios, or the precise size of the alleged hedge in the information included with this editorial package. It also does not specify the healthcare company’s name in the summary material provided here, limiting what can be stated about that side of the alleged trade.

Nvidia, meanwhile, sits at the center of the artificial intelligence hardware buildout. The company sells graphics processing units (GPUs) and related platforms that data centers use for machine-learning training and inference. Because investors often associate Nvidia’s results with the pace of AI spending, derivatives trades tied to the stock can be read as a high-level announcement about expectations for that demand environment.

Burry’s alleged approach also fits a broader pattern seen among macro investors who view market narratives as prone to sharp reversals. Options activity can be a way to express that view with defined downside exposure, particularly when a hedge fund wants to keep flexibility while still taking a stance on a specific equity.

Even if the reported 13F-linked activity is accurate, timing and implementation details matter. Options disclosed in filings can reflect positions that were opened and closed over time, and the hedge may not map cleanly to a simple, persistent “short.” In the absence of the option terms and the healthcare ticker in the available material, key questions remain unanswered, including what period the puts covered and whether the healthcare purchase was a direct offset or a separate conviction trade.