According to data on the Securities and Exchange Commission (SEC) website, US-based Scion Asset Management, founded by Michael Burry, has terminated its registration status on November 10, 2025.
Who is Michael Burry?
Known on Wall Street for his wild predictions, Michael Burry is most popular as the hedge fund portfolio manager who bet against the United States housing market in 2008, using a financial instrument known as the credit default swaps (CDS).
Notably, his prediction as made as early as 2007, when he identified irregularities that would ultimately trigger the 2008 financial crisis. The broader market’s subsequent collapse due to the subprime mortgage crisis shot the investor to worldwide fame — he made $100 million from his bets in 2008 as his portfolio held the insurance against those bonds.
His experiences were later turned into the 2010 bestselling book called ‘The Big Short: Inside the Doomsday Machine’ written by Michael Lewis. The book was later also made into a 2015 movie starring Hollywood stars Ryan Gosling, Steve Carell and Christian Bale.
Warning on AI, tech company fundamentals
- More recently in 2025, Burry has warned about a similar inflation by AI and tech companies. Last week he also called bearish stances on Wall Street favourites Nvidia and Palantir, cautioning that AI has pushed this year’s markets rally. And in a social media post on 10 November, he highlighted how extending the useful life of assets in an artificial way can boost the company’s earnings. He called this move ‘one of the more common frauds of the modern era.’
- Burry, in his take on big tech companies buying semiconductor chips or servers from Nvidia, said that these equipments with a two to three-year product cycle, should not result in the extension of useful lives of computing equipment.
- “Yet this is exactly what all the hyperscalers have done. By my estimates they will understate depreciation by $176 billion 2026-2028. By 2028, Oracle will overstate earnings 26.9%, Meta by 20.8%, etc. But it gets worse. More detail coming November 25th. Stay tuned,” Burry stated on X.
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
