Michael Burry Makes Strong Bet On Big Tech, Semis Falling In 2027: ‘Happy To Short Each & Every Name At This Stage’

• “The Big Short” investor revealed a new Nvidia put position and a short bet against Palantir.
• He disclosed bearish bets on ETFs tracking the semiconductor and broader tech sectors.
• SOXX gained over 40% in April in its best month on record.

Ace investor Michael Burry believes valuations across semiconductor stocks and the broader tech sector look stretched, and has disclosed sizable bets on a downturn beginning in early 2027, including a new Nvidia put position and a short bet against Palantir.

Burry increased his bearish bets on the semiconductor ETF (SOXX), and added new downside bets on the Nasdaq-100 (QQQ) and Nvidia (NVDA), all with expiries in 2027. He bought put options expiring January 2027 to sell SOXX at $330, along with March 2027 puts to sell QQQ at $525 and NVDA at $125.

“Even the logarithmic chart looks stretched. What a rally, a true cherry on top of a decade+ explosive run… I am happy being short every single one of those names at current valuations and at this stage of the cycle,” Burry said, referring to SOXX charts and its components.

Chip stocks rebounded sharply in April, led by gains in Intel, Advanced Micro Devices, and memory chip makers Seagate, Micron and Western Digital. SOXX gained over 40% in its best month on record.

Burry On Nvidia

Burry said Nvidia was among “cheaper ways to short the AI data center bubble because of the continued near-unanimous positive view of Wall Street,” forecasting that the company’s gross margins would contract by 1500 basis points and growth would shrink to near zero over the next four years.

He said he added more NVDA put options with a $125 strike, expiring in March next year. “Puts on the SOXX, QQQ, PLTR, NVDA, and ORCL are now about 6.9% of my portfolio, a little above my normal maximum. Outright shorts – PLTR and TSLA – are another 2.5%,” Burry said.

“The Big Short” investor first disclosed his short positions in Nvidia and Palantir last November.  

Burry On PLTR

Burry also added a short position on PLTR at $147 just before the AI data analytics company’s earnings, which came post-market hours on Monday. Making another strongly negative remark on the company, he said, “I am shorting the business model. I am shorting the entire premise upon which the company rests. I am shorting the CEO.”

Burry has been a vocal critic of Palantir, repeatedly raising concerns about the company’s business, including alleged inflated accounting and the chief executive's, Alex Karp's, high spending on private jets.

Palantir reported that its first-quarter revenue increased 85% to $1.63 billion – more than analysts’ expectations – and raised its 2026 forecast. PLTR stock still fell 2% in overnight trading.

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