According to CoinMeta, as reported by BeinCrypto, Michael Burry increased its short positions before NVIDIA released its financial report and bought long-term options on NVIDIA that expire in December this year with an exercise price in the mid-to-high range of $200 for hedging purposes. He stated that the cost of these options could be covered by the existing short and put option positions, and he believes there are risks associated with NVIDIA's valuation. In addition, Burry has established new or increased short positions in Oracle, while Palantir, Nebius, and Caterpillar also hold short stock positions that account for over 21% of their investment portfolios.