'Big Short' Michael Burry increases short bets against Nasdaq and semiconductor stocks, warns AI boom may fall into a 'bull market trap'

BlockBeats news, November 14 — "The Big Short" Michael Burry doubled down on his put option positions on November 12 as the Nasdaq 100 Index rebounded to around 27,000 points, and re-established put option positions in the VanEck Semiconductor ETF, with the relevant options set to expire in early 2027.

Burry compared the Nasdaq 100 Index's interim high reached on October 6 to the peak of the 2000 dot-com bubble, arguing that the current AI boom may be forming a new "bull trap," and predicted that chip stocks and the technology sector will see a significant correction before mid-2027.

Regarding the departure of Nvidia CEO Jensen Huang, Burry advised investors to "get out," believing that leadership changes could hit Nvidia's profit margins and growth prospects and ripple through the entire AI infrastructure supply chain. He also named Nvidia's key customers CoreWeave and Nebius, as well as chip foundry TSMC, saying these companies could be affected by knock-on effects.

BlockBeats reported yesterday that Michael Burry disclosed his latest personal portfolio adjustments through his Substack account, stating that he recently further increased his holdings in PayPal (PYPL), MercadoLibre (MELI), Sprouts Farmers Market (SFM), Adobe (ADBE), JD.com (JD), and Ero Copper (ERO), while re-buying Lululemon (LULU), indicating that he is continuing to adjust his equity investment portfolio.