Michael Burry, known as 'The Big Short', increases his short positions on the Nasdaq and semiconductor stocks, warning that the AI boom may fall into a 'bull market trap'

BlockBeats news, November 14: Michael Burry doubled his put option position on November 12 as the Nasdaq-100 index rebounded to around 27,000 points, and re-established a put option position on VanEck Semiconductor ETF, with expiration set for early 2027. Burry compared the recent peak of the Nasdaq-100 on October 6 to the top of the 2000 dot-com bubble, believing that the current AI boom may be forming a new 'bull trap,' and predicting a significant correction in chip stocks and the tech sector before mid-2027. Regarding the reported departure of NVIDIA CEO Jensen Huang, Burry advised investors to 'exit,' arguing that leadership changes could undermine NVIDIA's profit margins and growth prospects, affecting the entire AI infrastructure supply chain. He specifically mentioned key NVIDIA clients CoreWeave and Nebius, as well as semiconductor foundry TSMC, warning these companies might face cascading impacts. BlockBeats reported yesterday that Michael Burry disclosed his latest portfolio adjustments via his Substack account, stating he has further increased holdings in PayPal (PYPL), MercadoLibre (MELI), Sprouts Farmers Market (SFM), Adobe (ADBE), JD.com (JD), and Ero Copper (ERO), while also repurchasing Lululemon (LULU), indicating ongoing rebalancing of his equity portfolio.