"The 'Big Short' investor Michael Burry Wednesday hinted that his bearish bets against artificial intelligence-linked stocks were part of a broader thesis after revealing short positions in Elon Musk-led Tesla Inc (NASDAQ:TSLA), chip maker Nvidia Corp (NASDAQ:NVDA) and other companies earlier this week.
Burry's Bearish Bets "There is so much more to this," Burry said in a post on X.
Burry made the remark in response to a Wall Street Journal article highlighting his latest bearish positions against Tesla, Nvidia, Applied Materials Inc (NASDAQ:AMAT), Caterpillar Inc (NYSE:CAT) and the iShares Semiconductor ETF (NASDAQ:SOXX).
Burry did not elaborate on his post on X.
There is so much more to this. https://t.co/DdPZoShkV4— Cassandra Unchained (@michaeljburry) July 1, 2026 In a Substack post published July 1, Burry disclosed the bearish positions, citing the Philadelphia Semiconductor Index's historically high extension above its 200-day moving average and calling the latest AI-driven spending surge "the beginning of the end." Read Also: Trump Vows 'Really Long Speech' Even if the Thermometer Hits 107 Degrees for America's 250 Celebration: Here's How to Watch It AI Valuation Debate Grows The AI spending boom has become one of Wall Street's biggest debates, with hyperscalers committing hundreds of billions of dollars to infrastructure, while investors question when those investments will generate returns.
