Michael Burry adds to Nvidia, Micron shorts at $210 and $934

Michael Burry added to Nvidia Corp. shorts at $210.28 and Micron Technology Inc. at $933.86, expanding bearish semiconductor bets.

"Much of the current and future demand is not being driven by end customers," Burry wrote in a July 25 Substack post, citing the 2026 Bank for International Settlements annual report. He said future revenues are "majority financed in a circular arrangement."

Burry also added to his short position in the iShares Semiconductor ETF at $535.83 and initiated a new short in Caterpillar Inc. at $893.49. He maintained bearish bets on Tesla Inc. and Palantir Technologies Inc., noting the Tesla position "gets smaller all on its own" as the stock declined. Burry continues to hold put options on the Invesco QQQ Trust.

On the long side, Burry bought Flutter Entertainment Plc at $100.72 and DraftKings Inc. at $23.07, calling the combined position "one of my larger positions" as a play against prediction markets. He also added to Molina Healthcare Inc. at $197.02. The moves come as semiconductor stocks face mounting skepticism over AI infrastructure spending, with Burry previously forecasting a 30% correction in the sector.

Burry's Scion Asset Management first disclosed Nvidia put options valued at roughly $186.6 million in the third quarter of 2025. The latest additions bring his bearish semiconductor exposure to a "large position" when combining SOXX shorts with individual puts, he said.

Micron shares have rallied about 229% year to date, while Nvidia gained 10.19%. Palantir, Tesla and DraftKings have each fallen more than 30% during the same period, aligning with several of Burry's directional bets.

Burry deregistered Scion Asset Management, adding opacity to tracking his future portfolio moves. The positions disclosed July 25 may already have evolved.

The expansion of Burry's bearish semiconductor bets shows growing conviction that AI infrastructure spending is disconnected from end-user demand. Investors will watch upcoming quarterly reports from Nvidia and Micron for signs of slowing orders from hyperscaler customers.

This article is for informational purposes only and does not constitute investment advice.