Written by: Dong Jing

"Big Short" Michael Burry has once again increased his short positions in Micron and other AI-related stocks, maintaining his bearish bets on Tesla and Palantir, as his bearish logic on the semiconductor sector is garnering increasing attention from the market.

Burry disclosed his latest holdings on July 25 local time via Substack, showing that he further expanded his short positions in Micron Technology, NVIDIA, and the Philadelphia Semiconductor ETF, while also adding a short position in Caterpillar.

He clearly stated that the current and future demand for NVIDIA is not coming from end customers, but is being driven by off-balance-sheet financing arrangements, supported by the 2026 annual report from the Bank for International Settlements. Meanwhile, he has kept his short positions in Tesla and Palantir unchanged and continues to hold put options on the Nasdaq 100 ETF.

This disclosure comes at a time when the semiconductor sector is under pressure. An article from Wall Street Journal previously noted that Burry had stated that the capital expenditure plans announced by Samsung and SK Hynix for Korean semiconductors mark "the beginning of the semiconductor industry's transition from boom to bust," and he expects the semiconductor sector to face a decline of about 30%, believing that valuations of companies related to AI infrastructure have become severely inflated.

Expanding Semiconductor Shorts: Micron, NVIDIA, and SOXX Added

Burry revealed in his Substack article that he shorted Micron Technology at a price of $933.86 per share, increased his short position in NVIDIA at a price of $210.28, and added to his SOXX short at $535.83. He stated that the SOXX short position combined with the put options he holds constitutes a large position in his portfolio.

Regarding his logic for shorting NVIDIA, Burry was direct. He stated that the current large demand for NVIDIA is not driven by real end customers, and the financing arrangements for that demand are off the balance sheet and undisclosed, with future revenue "largely financed through cyclical arrangements." He cited the 2026 report from the Bank for International Settlements as supporting evidence.

It is worth noting that this is not the first time Burry has shorted Micron. The Wall Street Journal article mentioned that Burry had previously shorted Micron at a price of $1,051.87, stating that he has "a fairly clear understanding of the ultimate outcome for such situations," and he had also added five other short positions.

Burry's bearish view on the AI-related sector is based on questioning the authenticity of industry demand. He believes that the current investment frenzy in AI infrastructure is characterized by significant capital expenditures that do not correspond to real end demand, but instead are perpetuated through opaque financing structures, posing a systemic overvaluation risk.

Moreover, the Wall Street Journal article previously indicated that Burry expects the semiconductor sector to face a decline of about 30%, viewing the capital expenditure expansion plans from Samsung and SK Hynix as the start of the industry's cycle "transitioning from boom to bust."

In addition, regarding his existing short positions, Burry stated that he has not covered his short on Tesla and noted lightly that this position "is slowly decreasing by itself"—implying that the decline in Tesla’s stock price has naturally reduced the nominal size of his short position. He also maintains his short on Palantir and continues to hold put options on QQQ, indicating that his bearish stance on the overall tech sector has not softened.

From the stock performance perspective throughout this year, Burry's short bets are facing some pressure. Micron has risen nearly 200% this year, while NVIDIA has increased by about 10%. However, Palantir, Tesla, and DraftKings have all fallen over 30% year-to-date, recording declines of about 34%, 33%, and 34%, respectively, aligning closely with Burry's bearish outlook.

While shorting AI, Burry is also actively positioning long positions, particularly focused in the sports betting field. He bought "a substantial amount" of Flutter Entertainment at $100.72 and DraftKings at $23.07.

Burry wrote in the article: "When considering FLUT and DKNG together, as a wager on the prediction market, the two combined constitute one of my larger positions." Additionally, he has increased his holdings in Molina Healthcare, purchasing at a price of $197.02.

This long position sharply contrasts with his short logic—while shorting the AI infrastructure bubble, Burry is redirecting funds into consumer and healthcare sectors, which have lower correlation with the tech boom, reflecting his overall judgment on the current market structure.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。