Michael Burry is doubling down on his cautious view of the artificial intelligence trade, increasing his bearish exposure to NVIDIA Corp (NASDAQ:NVDA) while expanding outright short positions in Micron Technology Inc (NASDAQ:MU) and the iShares Semiconductor ETF (NASDAQ:SOXX).
In his latest portfolio update, he added to his existing Nvidia put options — a bearish options strategy that profits if the stock declines.
He also increased his short positions in Micron and SOXX and added more put options on the Invesco QQQ Trust (NASDAQ:QQQ), broadening his negative bet on AI-driven technology stocks. • NVIDIA shares are advancing steadily.
What's driving NVDA shares up?
Unlike a direct short sale, buying put options does not mean Burry is shorting QQQ or Nvidia shares.
