'Big Short' investor Burry opens put position against Oracle

Investing.com -- Michael Burry, the investor famed for his 2008 bet against the U.S. housing market, is taking a bearish stance on Oracle Corp., according to a Substack post he shared Friday.

Burry said he owns put options on Oracle, which typically rise in value as the underlying stock falls, and revealed that he also directly shorted the company over the past six months.

Oracle shares were down 0.5% in premarket trading.

Burry criticised Oracle’s recent strategy, saying he “does not like how it is positioned or the investments it is making. It did not need to do what it is doing, and I do not know why it is doing this. Maybe ego.”

He did not provide details on the size or strike of the put options.

The move follows a volatile period for Oracle shares. The stock surged 36% in a single session in September after issuing a bullish cloud forecast tied to AI demand, only to lose those gains as investors weighed rising capital expenditures, complex cloud-deal structures, and a $95 billion debt load linked to data-center expansion.

Burry has also taken bearish positions on Nvidia Corp. and Palantir Technologies Inc., citing concentrated exposure to AI.

He said he avoids shorting larger tech companies like Meta, Alphabet, and Microsoft, as “the big ones are not pure shorts on AI,” noting these firms’ core businesses are likely to remain dominant despite AI-related risks.

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