'Big Short' investor Michael Burry has unveiled fresh bets against Nvidia, Tesla and a major semiconductor ETF, warning that parts of the AI-fuelled stock market boom now resemble extremes last seen during the dot-com era.
In a June 30 post on his Substack, Burry disclosed short positions in Nvidia, Tesla, the iShares Semiconductor ETF (SOXX), Applied Materials and Caterpillar. He argued that investor expectations around the semiconductor cycle may have moved ahead of what companies can realistically deliver.
