Michael Burry Swaps Stock Shorts for Puts, Betting AI Bubble Bursts "Sooner Than Later"
ivan_bezdomny · x · 2026-09-29
"Big Short" investor Michael Burry says weekend research convinced him the AI bubble may burst "sooner than later," and has replaced nearly all his common-stock shorts with put options for more leverage.
Positions (per MarketBrief):
- Nvidia: September 2027 puts, mid-$100s strike
- Micron: June puts around $500
- SOXX: September 2027 puts, low $400s
- Caterpillar: December 2027 puts around $400
- New long-dated MetLife puts ($70s) and a bigger Nasdaq 100 bearish stance
Some changes were motivated by tax-loss harvesting; he covered CoreWeave and SOXX shorts but is still seeking attractive CoreWeave puts. X poster ivanbezdomny pushed back, calling bets on Nvidia, Micron, Oracle and others collapsing "kind of un-American."
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