Burry Turns Guns on Nvidia, Micron in Bearish Bet Against AI Theme
Michael Burry has increased his bearish exposure to NVIDIA Corp (NASDAQ:NVDA) and Micron Technology Inc (NASDAQ:MU), while expanding outright short positions in the iShares Semiconductor ETF (NASDAQ:SOXX).
In his latest portfolio update, he added to his existing Nvidia put options, which give him the right to sell the stock at a predetermined price before expiration.
Burry's moves are less a call to abandon AI than a reminder that one of Wall Street's most closely watched bears is positioning for the possibility that the sector's remarkable run could eventually cool.
The VanEck Semiconductor ETF (NASDAQ:SMH) also stands out given its heavy allocation to Nvidia, while the QQQ derives a large portion of its performance from mega-cap technology companies.