Michael Burry, the investor best known for predicting the 2008 housing market collapse, has taken aim at some of Wall Street’s biggest AI winners, raising fresh questions for ETF investors heavily exposed to the trade. His latest regulatory filing revealed bearish positions against Nvidia Corp (NASDAQ:NVDA), Caterpillar, Inc. (NYSE:CAT), Tesla, Inc (NASDAQ:TSLA), and Applied Materials Inc (NASDAQ:AMAT), a basket that spans AI chips, semiconductor equipment, electric vehicles, and the physical infrastructure powering the artificial intelligence boom.
While Burry’s positions target individual companies, the implications extend well beyond single stocks. The four names feature prominently across some of the market’s most popular ETFs, from semiconductor and technology funds to industrial ETFs that have quietly become AI beneficiaries through the ongoing data center and chip manufacturing buildout. If Burry’s valuation concerns prove warranted, ETF investors may also feel the impact.
