Burry, who became famous as the subject of the Michael Lewis book and subsequent movie The Big Short about his shorting the market before the 2007-09 mortgage crisis, has some new shorts in mind. He purchased put options in Nvidia (NASDAQ: NVDA) and Palantir Technologies (NASDAQ: PLTR), which implies he thinks that their prices will drop.

Palantir lifted its 2025 revenue guidance after Peter Thiel’s data intelligence company notched up rapid growth in sales to companies and the US government in the third quarter.