‘Big short’ investor Michael Burry’s big move! Deregisters Scion Asset Management; had recently criticised tech firms like Nvidia

Michael Burry, the renowned “Big Short” investor, has terminated his hedge fund, Scion Asset Management’s registration. According to the Securities and Exchange Commission’s database, Scion’s status changed to “terminated” as of November 10, eliminating the need for regulatory filings, as reported by Reuters.Scion, which controlled $155 million in assets as of March, has been closely monitored for potential market indicators. On Wednesday, Burry posted on X, stating “On to much better things Nov 25th.” Bruno Schneller of Erlen Capital Management claimed that Burry’s exit indicates his disillusionment with current market conditions rather than a complete withdrawal.Burry has recently intensified his scrutiny of technology giants, including Nvidia and Palantir Technologies, questioning the cloud infrastructure surge and alleging that major providers use aggressive accounting practices to enhance profits from their hardware investments.Burry, the investor famed for predicting the 2008 financial crisis, recently took fresh aim at the artificial intelligence (AI) boom, placing major bets against two of its biggest players — Nvidia and Palantir. Renowned for identifying market bubbles before they burst, Burry now believes the AI frenzy could be the next one to deflate.His bearish position, worth nearly 1.1 billion dollars, has reignited debate over whether AI valuations have become dangerously inflated. Burry, whose role was portrayed by Christian Bale in the 2015 film The Big Short, is once again challenging market optimism — this time, warning that the AI rally may be nearing its peak.Burry contends that companies like Microsoft, Google, Oracle and Meta are extending depreciation schedules while investing heavily in Nvidia chips and servers. He calculates this accounting approach could understate depreciation by approximately $176 billion between 2026 and 2028, artificially boosting sector profits.According to JP Morgan Asset Management’s September report, AI-related stocks have generated 75% of the S&P 500 index’s returns since ChatGPT’s launch in November 2022.Schneller suggests Burry might continue operating independently, possibly through a family office structure.