Michael Burry is maintaining bearish positions against Nvidia, Micron Technology, Palantir Technologies, Tesla and other AI-linked stocks, warning that record highs could precede a severe market reversal. His thesis is not that the rally must end immediately, but that falling volatility and renewed investor confidence may push risk-taking to unstable extremes. Burry disclosed continued bearish exposure to the iShares Semiconductor ETF, Applied Materials and Caterpillar, alongside the four high-profile technology names. He wrote that it is possible we are near a major top and a 1987-type fall, following a four-session advance that carried the S&P 500 to a record close on August 4. Burry highlighted data showing the S&P 500 had previously risen 5% over four sessions to a fresh high only three times, two of which occurred around the dot-com bubble's final phase, and directed attention toward semiconductor leadership rather than the headline index.
Applied Materials Inc
Micron Technology Inc
Caterpillar Inc
NVIDIA Corporation
Palantir Technologies Inc.
Tesla Inc