Michael Burry increases short position against Nvidia, expanding bearish bets across semiconductor sector

Michael Burry, the investor who became a household name by correctly predicting the 2008 housing crash, is expanding his short position against Nvidia, adding to put options first disclosed in late 2025 and broadening his bearish thesis across the entire semiconductor space. The scope of Burry’s bearish bet Burry’s Scion Asset Management first disclosed NVDA put options valued at roughly $186.6 to $187 million in Q3 2025, equivalent to about 1 million shares. His July 2026 disclosures show he’s gone further, increasing the Nvidia short while also initiating or expanding put positions across Applied Materials (AMAT), Micron (MU), Tesla (TSLA), Caterpillar (CAT), and the iShares Semiconductor ETF (SOXX). The Korean chip spending announcements reportedly influenced some of these moves. Nvidia shares have traded approximately 5% lower compared to the initial short-announcement day in November 2025. For context, his Palantir position in the same Q3 2025 filing was approximately $912 million, making his Nvidia short sizable but not his largest play at that time. The depreciation thesis Burry’s thesis centers on the idea that hyperscalers, including Microsoft and Google, account for rough...