Burry trims Nvidia and Palantir bets, stays cash-ready amid caution

Michael Burry says he reduced risk in his portfolio by closing December 2026 put options on Nvidia and Palantir, preferring to hold cash while reassessing market conditions this fall. His largest longs remain Lululemon, Molina Healthcare and MercadoLibre, while his short positions remain focused on Oracle, Palantir, Nebius, Nvidia, and the SOXX ETF; he also noted currency weakness and warned about Palantir’s valuation signals as GuruFocus flagged warning signs.