Michael Burry increased his short positions against Nvidia (NVDA) and Micron Technology (MU). The investor, known for his 2008 housing market bet, disclosed the moves via Substack.
Burry argues that AI-driven demand is unsustainable and potentially inflated by circular financing. He expanded his sector-wide bearish stance by adding to a short position in the iShares Semiconductor ETF (SOXX).
Micron shares have reached their most extended valuation levels in decades. Burry also maintains short positions against Tesla and Palantir as part of a broader pessimistic outlook on the tech sector.