Michael Burry says he currently holds put options on Oracle, positioning for downside in the software company’s shares, according to reports citing his recent commentary.
Burry also says he would bet against OpenAI if the AI developer is valued at $500 billion, arguing that investor expectations and capital spending across AI could be running ahead of fundamentals. The view comes as OpenAI’s valuation has been widely discussed in private-market transactions and fundraising talks, underscoring how quickly AI pricing benchmarks are shifting.
Burry’s comments add to a broader debate over whether AI-linked equities are in a durable growth cycle or a late-stage valuation trade.
