Light a candle for Michael Burry’s Scion Asset Management… now pronounced dead by the SEC with no further comment.

The fund that always felt like a storm shelter built for one shoeless man, a pair of drumsticks, and a stack of spreadsheets predicting the end of civilization has now been officially stamped “terminated” by regulators… and if you listened closely, you could almost hear every bear on FinTwit whisper, “Go well, my prince.”

Of course, the timing feels a little too peculiar. Burry has spent the past month roasting Big Tech like he’s auditioning for a Comedy Central special. Nvidia, Palantir, Microsoft, Google, Meta… no one got spared. He’s been accusing them of stretching depreciation rules so far they might qualify for the Olympic gymnastics team. And right when he hits peak flamethrower mode… poof. Scion disappears from the SEC site like every politician when the Epstein Files are mentioned.

It’s wild, considering this was a $155 million fund earlier this year. Every quarter, the internet would swarm his 13F filings like Indiana Jones decoding ancient symbols. Some people genuinely believed Burry was setting up the grand sequel to The Big Short… the one where he short-circuits the entire AI boom. Instead, they woke up to find the whole operation boxed up and wheeled into the archival basement.

(Source: Realtor.com)

Burry didn’t exactly leave anyone guessing. He flat-out said his view of value “has not been in sync with the markets,” which is his polite, deadpan way of saying the stock market has turned into a rave where no one cares the building is structurally unsafe. And then he tossed the internet a mysterious farewell note: “On to much better things Nov 25th.” No one knows if he’s gearing up to carpet-bomb Meta with puts… or simply reminding himself not to miss his colonoscopy.

Burry’s fixation on AI accounting has a clear target. He sees tech giants loading up on Nvidia hardware, then stretching out depreciation schedules the same way people stretch the truth on their dating profiles. By his math, between 2026 and 2028, this little accounting magic trick could bury (no pun intended) around $176 billion in actual costs.

Meanwhile, the short-selling universe around him is evaporating like a puddle in Death Valley. Hindenburg already packed its bags. Jim Chanos finally wrapped up his long-running grudge match with Michael Saylor and walked off with a win. Not only are bears an endangered species… but they’re practically mythological at this point.

Burry disappearing into the fog isn’t him waving the white flag. It’s him choosing to operate without an audience. He’s done filing 13Fs, done explaining why he can’t stand whatever stock Reddit is worshipping this week. Now it’s just him, his capital, and the quiet satisfaction of muttering “I knew it” from some dark room in California.

Whether he’s early or right on the AI bubble doesn’t matter yet. With Burry, time usually catches up. It just runs late. But that Nov 25th date he dropped? Yeah… circle it. The last time he hinted at something, the housing market imploded.

At the time of publishing this article, Stocks.News holds positions in Microsoft, Google, and Meta as mentioned in the article.