Michael Burry pulls back on risk, says he’s happy to sit on cash. Is Big Short investor reversing his bearish AI bets?

Michael Burry is pulling back on portfolio risk, exiting December 2026 put options on Nvidia and Palantir without rolling them over. The ‘Big Short’ investor said he is “happy to sit on cash” while continuing to hold 2027 Palantir puts and QQQ puts, amid renewed warnings about stretched AI valuations.

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