Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Burry Sees AI Bubble Bursting Sooner, Shifts to Put Options

Burry Sees AI Bubble Bursting Sooner, Shifts to Put Options

MT newswireMT newswire2026/09/28 23:18
07:18 PM EDT, 09/28/2026 (MT Newswires) -- Michael Burry is moving up the timeline for his bearish thesis on the AI boom, switching from short positions to put options on key AI-related stocks, multiple outlets reported Monday, citing Burry's Monday investment newsletter. Burry said he wants more leverage given cheap options tied to low volatility measures like the VIX, adding that "the bubble in AI may burst sooner than later," according to the reports. He swapped his Micron (MU) short for June puts at a $500 strike price range, replaced his Nebius (NBIS) short with June puts in the "double digit strike price" range, and shifted his SOXX ETF short to September 2027 puts in the "low $400s," the reports said. He also enlarged his Palantir (PLTR) put position centered at a September 2027 expiration in the "low $100s." Burry cited Ares Management research on risks tied to unproven AI revenue and comments from Acer's CEO on the return of memory chip cyclicality, according to the reports.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Production Increase Falls Short, Layoffs First! Boeing (BA.US) Cuts 5% of Commercial Airplane Jobs, Delays 737 Monthly Production Target of 47 Aircraft to 2027

Stephanie Pope, head of Boeing's commercial airplanes division, informed employees in an internal memo on Monday that due to obstacles in increasing aircraft production, the division plans to cut 5% of its workforce.

智通财经•2026/11/10 02:06

After acquiring SpotHero, Uber (UBER.US) makes its debut in the parking sector with a parking space reservation feature, initially available in 15 U.S. cities

Uber has launched a brand new parking space reservation feature, which marks its first step in the parking sector following its acquisition of the parking app SpotHero earlier this year.

智通财经•2026/11/10 02:03