"Michael Burry of 'The Big Short' Shuts Down His Hedge Fund, Scion Asset Management"
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2025
0mins
Should l Buy NVDA?
Source: Benzinga
Michael Burry's Hedge Fund Closure: Investor Michael Burry has de-registered his hedge fund, Scion Asset Management, with the SEC, officially terminating its registration on November 10, 2025, and indicating plans to liquidate funds and return capital to investors by year-end.
Final 13F Filing and Bearish Positions: Scion's last mandatory 13F filing revealed a significant bearish position on Palantir Technologies, which Burry later clarified was a $9.2 million investment, not the reported $912 million.
Transition to Private Management: The termination of Scion's SEC registration suggests Burry may convert the hedge fund into a private family office, allowing him to manage his wealth without public scrutiny.
S&P 500 Market Update: The S&P 500 index is nearing the 7,000 mark, closing at 6,850.92, with analysts speculating it could soon breach this threshold, while related ETFs showed mixed performance.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 180.050
Low
200.00
Averages
264.97
High
352.00
Current: 180.050
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Stock Price Volatility: Despite strong performance, Nvidia's stock price has declined following the earnings release, currently trading at a P/E ratio of 37, which drops to 23 based on expected earnings, highlighting market concerns over its high valuation.
- Market Position Consolidation: As the world's most valuable company with a market cap of $4.4 trillion, Nvidia maintains a strong investment appeal despite overall bearish sentiment in tech, thanks to its leadership in the AI chip sector.
- Cautious Investor Sentiment: Analysts suggest that investors should approach Nvidia with caution in the current market environment, as while its business remains strong, the likelihood of the stock doubling in value in the short term is low, necessitating realistic expectations.
See More
Vanguard Total Stock Market ETF: Advantages and Risks
- Core Investment: The Vanguard Total Stock Market ETF (VTI) tracks the entire U.S. stock market and owns over 3,500 stocks, providing investors with the convenience of investing in thousands of stocks with a single click, making it ideal for those looking to simplify their investments.
- Cost Advantage: With an expense ratio of just 0.03%, investing $10,000 incurs only $3 in annual fees, significantly lowering investment costs and enhancing long-term return potential for investors.
- Long-Term Return Potential: Since its inception in 2001, the ETF has averaged a 9.2% annual total return, meaning a $10,000 investment would be worth over $90,000 today, demonstrating its effectiveness as a wealth-building tool.
- Concentration Risk and Lack of Diversification: Despite holding many stocks, the ETF's performance is heavily reliant on the top 10 companies, presenting significant concentration risk, while lacking exposure to international stocks and fixed-income assets, which may hinder portfolio diversification.
See More
IREN Acquires 50,000 Nvidia GPUs to Expand Data Center Operations
- GPU Procurement Agreement: IREN has entered into a formal agreement to purchase 50,000 Nvidia B300 GPUs, expanding its total GPU fleet to over 150,000, with deployment expected in the second half of 2026 at data centers in British Columbia and Texas, thereby solidifying its position among the largest AI cloud infrastructure providers globally.
- Funding Achievement: Over the past eight months, IREN has secured $9.3 billion in funding through customer prepayments, convertible notes, GPU leasing, and financing, demonstrating its strong market appeal and financial capability to support its expansion plans.
- Capital Expenditure Plans: The company anticipates leveraging these funds and other capital sources to finance approximately $3.5 billion for this GPU order and related equipment, including servers, storage, networking, and labor, further enhancing its infrastructure capabilities.
- Positive Market Reaction: IREN shares rose nearly 13% by market close, reflecting investor confidence in its expansion plans and future growth potential, indicating the company's strategy to reduce time-to-compute and increase execution certainty through early hardware procurement in a supply-constrained environment.
See More
Tech Industry Voices Concerns Over Supply Chain Risk Label
- Industry Response: The Information Technology Industry Council (ITI) sent a letter to Defense Secretary Pete Hegseth expressing concerns over his designation of a U.S. company as a supply chain risk, indirectly referencing Anthropic, which could jeopardize its future government contracts.
- Contract Dispute: ITI emphasized that contract disputes should be resolved through ongoing negotiations or by selecting alternative suppliers via established procurement channels rather than through emergency measures like supply chain risk designations, which are typically reserved for entities identified as foreign adversaries, reflecting strong opposition to government actions.
- Procedural Protections: The letter referenced the Federal Acquisition Supply Chain Security Act of 2018 and the Federal Acquisition Security Council (FASCSA), highlighting the importance of due process for private companies, including notice and response opportunities before any risk designation is made, underscoring ITI's commitment to procedural fairness.
- Anthropic's Position: Anthropic expressed deep sadness over the decision in a statement, arguing that labeling it as a supply chain risk is unprecedented and historically reserved for U.S. adversaries, which could severely impact its relationship with the Defense Department and the broader tech industry.
See More
Iran War Drives Stock Market Volatility
- Market Opening Decline: The intensifying military conflict in Iran caused major indices to open lower on Wednesday, with market sentiment dampened until a rebound around 9:45 a.m. ET, after which leading indices rose by at least 0.6% since mid-morning.
- Tech Stocks Lead Recovery: Tech stocks drove the recovery, with Nvidia up 2.2%, Amazon gaining 3.9%, and Meta Platforms increasing by 2.2%, resulting in a 1.7% rise in the tech-heavy Nasdaq Composite Index.
- Mild Performance of Dow: The impact of tech giants on the price-weighted Dow Jones Industrial Average was milder, with the index rising 0.49%, while the highest-priced shares in this classic index mainly gained less than 1%, indicating weakness in traditional blue-chip stocks.
- Investor Sentiment Cautious: Despite the market rebound, Nvidia is still down 6% over the past week, and Meta and Amazon have only risen 3%, leading investors to express concerns about the sustainability of the AI boom, contributing to increased market volatility reflecting the current economic uncertainty.
See More
Nasdaq Index Rebounds 1.7% Amid Iran Conflict
- Market Recovery: Amid escalating conflict in Iran, the Nasdaq Composite rebounded by 1.7%, primarily driven by major tech stocks like Nvidia, Amazon, and Meta, indicating a recovering confidence in the tech sector.
- Tech Stock Performance: As of 2:40 p.m., Nvidia rose by 2.2%, Amazon by 3.9%, and Meta by 2.2%, although these stocks remain below their 52-week highs, reflecting cautious investor sentiment regarding the future of the AI industry.
- Market Volatility: Heightened volatility due to military conflicts and international tensions has increased investor demand for signs of stability, which supported tech stocks during Wednesday's trading despite an uncertain overall economic environment.
- Investor Sentiment: While the Nasdaq's rebound brings short-term optimism, Nvidia's 6% decline over the past week highlights concerns about a potential slowdown in the AI boom, prompting investors to carefully assess future investment opportunities.
See More
