{
  "id": 124844,
  "title": "It looks like 'Big Short' investor Michael Burry nailed his bet against AI chip stocks",
  "url": "https://urgent.news/2026/08/04/it-looks-like-big-short-investor-michael-burry-nailed-his-bet-against",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T10:34:56.000Z",
  "source": {
    "name": "Business Insider",
    "slug": "business-insider",
    "url": "https://www.businessinsider.com/big-short-michael-burry-ai-chip-stocks-soxx-nvidia-substack-2026-8"
  },
  "original_language": "en",
  "account": "Michael Burry, the Wall Street investor who gained fame from his predictions in the book and film \"The Big Short,\" appears to have successfully bet against chip stocks last month. Burry, who is known for his contrarian views and skepticism of market trends, reportedly took a short position on the iShares Semiconductor ETF (SOXX) in June. The ETF, which tracks a basket of major chip stocks including Nvidia, AMD, Micron, and Intel, saw a 21% decline over the following month, ending at $505 on July 31. This decline was the worst July performance for a major semiconductor index in 30 years, according to Larry McDonald, author of the newsletter \"The Bear Traps Report.\" McDonald praised Burry's wager, calling it a \"bravo\" on his social media platform X. Burry, who previously made headlines for his bet against the housing market bubble in the early 2000s, has continued to be a vocal critic of the AI boom. He has warned that hyperscalers like Meta and Alphabet, as well as chipmakers like Nvidia, may be overinvesting in microchips and data centers that could become obsolete quickly. In recent weeks, Burry has doubled down on his bearish positions, increasing his short on SOXX and adding more bets against individual chipmakers and the broader Nasdaq 100. However, it's unclear how much he stands to gain from these wagers, as he often does not disclose the exact amounts of his trades.",
  "summary": "Michael Burry of \"The Big Short\" fame said he bet against the iShares Semiconductor ETF, which tumbled 21% in July.",
  "key_points": [
    "Michael Burry bet against AI chip stocks in June.",
    "iShares Semiconductor ETF (SOXX) declined 21% in July.",
    "Burry praised his \"bravo\" bet on X social media."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}