Michael Burry Shorts AI and Semiconductor Sectors
On July 1, Michael Burry, the inspiration behind the movie "The Big Short," disclosed a new round of bearish bets focused on the artificial intelligence and semiconductor sectors. He stated that he has shorted Tesla (TSLA.O) at around $416.22 per share, describing this as part of his assessment of an 'AI bubble.' Additionally, he has established short positions on Nvidia (NVDA.O), Caterpillar, Applied Materials, and a semiconductor ETF. Burry mentioned that these trades are part of his overall hedging strategy against the overheated valuations in AI and semiconductors, but he did not disclose specific sizes, only indicating that he entered the short position after a rebound in Tesla's stock. The market showed clear divergence in response, with related tech stocks generally rising during the trading session.
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