Michael Burry more confident than ever AI bubble will burst within a year, targets Micron and Nebius

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Michael Burry has pulled forward his timeline for the AI trade to unravel. He now thinks a serious correction could arrive in as little as one year. The investor laid out his reasoning in a string of Substack posts in late September 2026. He has also rebuilt his bearish bets around put options on AI and chip names, including Micron Technology and Nebius Group, that run into mid and late 2027. From shorts to puts Earlier in 2026, Burry opened short positions in Nebius, Micron, and Oracle. He has since swapped direct shorts on Micron and Nebius for put options set to expire in June and September 2027. The strike prices offer a sense of how far he expects things to drop. His Micron puts carry a strike of around $500, while his positions on the SOXX semiconductor ETF sit at strikes in the low $400s. SOXX is an exchange-traded fund that tracks a basket of chip stocks. Betting against it is a way of wagering on the entire semiconductor sector, not just one company having a bad quarter. Beyond Micron and Nebius, Burry also called out Nvidia, Palantir, and Oracle as players in the AI trade he views skeptically. Why Burry got more bearish Burry pointed to a report from Ares Management as a ...

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