The legendary investor Michael Burry first disclosed his short position against Oracle (NYSE: ORCL) in early January 2026, though at the time he also stated he had been betting on the equity’s downturn since an undisclosed moment in the second half of 2025.
Looking at the earliest date known for certain – January 9 – it appears, at press time on the morning of November 9, that the bearish trade is a major success. On the day, Oracle stock closed at $198.52, and ORCL met the most recent, November 6, evening bell at $116.10.
Thus, the technology giant dropped 41.52% since Michael Burry disclosed he was shorting the equity.
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Additionally, given the ‘Big Short’ trader’s wording and the fact that the bet is not reflected in Scion Asset Management’s final 13-f filing – the one covering the third quarter (Q3) of 2025 – it is plausible he placed his bet early last October.
At the time, Oracle shares were trading at approximately $285, meaning they declined roughly 60% overall. The Monday, November 9 pre-market is also, by press time, doing its part to improve Burry’s bet, as ORCL stock is down another 1.26% from $116.10 at the latest close to $114.64.
Is Michael Burry’s AI short bet paying off after Thursday sell-off and Nvidia scandal?
Simultaneously, multiple other Michael Burry short positions appear to be paying off, despite the previous long period of uncertainty. For over a year, the ‘Big Short’ trader has remained critical of big tech and especially of the artificial intelligence (AI) boom.
As Finbold reported on November 4, the legendary investor’s wager that Palantir (NASDAQ: PLTR) is overvalued is also paying off, while Nvidia (NASDAQ: NVDA) – arguably his most controversial bet – has also fallen sharply due to last week’s wider dump and the latest alleged honeytrap scandal.
So far, he has been focused on a mix of factors, including what he alleges to be accounting manipulation and a more structural issue of the sector being ‘priced for perfection’.
Specifically, Burry believes that many of the key actors in the space are trading as if everything in terms of developing and deploying the technology and the associated infrastructure will go as the bulls are hoping.
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Here’s what Michael Burry thinks about the ‘Black Thursday’ AI bloodbath
Arguably the most recent manifestation of such thinking over the years came last Thursday, when the U.S. stock market wiped more than $3 trillion in a single day on fears that the recent ‘Democratic sweep’ in the mid-term elections might usher in a slowdown.
Looking ahead, Michael Burry believes that the sell-off has only started, since he reacted to some analysts assessing that the bloodbath has created a buying opportunity by saying that ‘at this point Wall Street is AI’ and clarifying that it means he thinks they are ‘incapable of an original thought.’
