Michael Burry says he's still bearish after Nvidia's 10% plunge — but the market may see it as a 'heck of a trade' soon

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Michael Burry of "The Big Short" fame said he was "a bit shocked at how the market has turned" on Nvidia following news of CEO Jensen Huang's affair.

Michael Burry says Nvidia stock could bounce back from its latest scandal, but he's still bearish on the AI chipmaker's longer-term prospects. The investor of "The Big Short" fame said in a Substack post on Tuesday that he was "a bit shocked at how the market has turned on the company." In a Sunday email to employees, Nvidia CEO Jensen Huang admitted to having an affair following reports of his close relationship with a suspected Chinese spy. Since that revelation, Nvidia stock has fallen by nearly 10% to about $169 a share as of Tuesday's close.

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