Burry's Scion Bets Against Nvidia, China Tech

Michael Burry’s Scion Asset Management made significant portfolio changes in the first quarter, taking bearish positions against Nvidia and major Chinese tech firms like Alibaba, Baidu, JD.com, and PDD Holdings through the purchase of put options. This shift comes as Nvidia stands out as a leading beneficiary of the recent AI boom, making Burry's negative outlook especially noteworthy. Scion liquidated almost its entire equity portfolio, retaining only a long position in Estée Lauder. The moves reflect Burry's guarded perspective amid ongoing U.S.-China trade tensions and changing market dynamics. Regulatory filings provide a quarterly view of these changes but do not reveal the specifics of the options or current holdings. The portfolio shift marks a reversal from previous quarters when Scion held long positions in several Chinese technology companies.