Michael Burry Expands Short Positions Against Major Chip Stocks

Price Action

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Summary · why it matters

Michael Burry has increased his bearish bets against several major chip stocks while maintaining existing short positions in Tesla and Palantir. The Big Short investor disclosed he sold short additional shares of Micron at $933.86 and added to his Nvidia short at $210.28, and also expanded a large bearish position in the iShares Semiconductor ETF that includes both short stock and put options. Burry's latest moves suggest he believes the semiconductor rally has gone too far, with Micron surging nearly 222% this year and Nvidia up about 11%, leaving both stocks vulnerable if AI spending slows or valuations come under pressure. He also added to a short position in Caterpillar while increasing long exposure to Flutter and DraftKings, and noted his Tesla short is becoming smaller as the stock falls.