Michael Burry said Nvidia made "straw man arguments" in a private memo addressing his critiques. The investor of "The Big Short" fame said he owns bearish put options on Nvidia and Palantir.
Nvidia is entrenched as an artificial intelligence (AI) leader and is already blending its GPUs with quantum hardware. Microsoft is developing cutting-edge quantum chips and has existing infrastructure in place.
Quarterly-filed Form 13Fs help investors understand which stocks and trends are piquing the attention of Wall Street's savviest money managers. After significantly paring down Appaloosa's stake in Nvidia since mid-2023, billionaire investor David Tepper has now piled in for two consecutive quarters.
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