Michael Burry, the investor made famous for his 2007-08 subprime mortgage short documented in The Big Short, has been unusually active on public channels in April 2026, maintaining his short position on Palantir Technologies (NASDAQ: PLTR), expanding his bearish bet on NVIDIA Corporation (NASDAQ: NVDA), and simultaneously rotating into long positions in beaten-down enterprise software stocks including Adobe (NASDAQ: ADBE), Autodesk (NASDAQ: ADSK), Salesforce (NYSE: CRM) and Veeva Systems (NYSE: VEEV).
His Palantir position has been among the most discussed trades in the market for several months. After Trump publicly praised the company on Truth Social — saying “Palantir Technologies has proven to have great warfighting capabilities” — Burry posted on Substack that he was not closing the position. “I now own the June 17, 2027 Strike Price 50 Puts and the December 18, 2026 Strike Price 100 Puts. I am not selling these today,” he wrote, making clear he expects Palantir shares to fall below $100 by late 2026 and below $50 by mid-2027, levels that would represent declines of 32 percent and 66 percent respectively from current prices around $146.
In an earlier post that Burry deleted after it triggered a sharp multi-day selloff in Palantir stock, he characterised Anthropic as “eating Palantir’s lunch,” pointing to the AI safety firm’s revenue run-rate surpassing $30 billion as evidence that easier, cheaper and more intuitive AI integration tools were displacing Palantir’s more complex enterprise deployments. Wedbush analyst Dan Ives called the post a “fictional narrative,” and Palantir CEO Alex Karp has previously dismissed Burry’s bearish positions as inexplicable, but the post alone was sufficient to drive a 13.7 percent weekly decline in PLTR before the stock partially recovered.
On NVIDIA, Burry disclosed he added January 2027 Strike Price 115 put options, a bearish bet that NVIDIA’s stock will fall significantly from its current levels. “I like the maximum loss being limited, and time decay won’t be significant until two months out,” he wrote.
His long positions tell a different story. Burry has been buying software companies he believes have been hammered by a combination of forced selling from private credit funds and macro fear rather than genuine business deterioration. He said he “does not believe the technical pressures brought on by the private credit/software debt issues are big enough to affect these stocks for much longer” and disclosed he was adding Salesforce and MSCI Inc (NYSE: MSCI) to his portfolio.
Adobe, trading roughly 30 percent below its 52-week high, and Autodesk, down around 22 percent year-to-date, both have forward P/E ratios in the high teens to low twenties — levels not seen since 2018-19. His Scion Asset Management portfolio, valued at approximately $68 million, also holds Molina Healthcare (NYSE: MOH) as its largest disclosed position.
