Michael Burry Expands AI Chip Shorts on Micron, Nvidia, SOXX at $210.28–$933.86

According to Burry's Substack post on July 25, the "Big Short" investor Michael Burry expanded his short positions across semiconductor stocks, adding shorts on Micron at $933.86 per share, Nvidia at $210.28, and the Invesco Semiconductor ETF (SOXX) at $535.83. He also initiated a new short on Caterpillar.

Burry argued that Nvidia's massive order demand is driven by off-balance-sheet financing arrangements rather than real end-user purchases, creating what he calls an "illusion" of demand. He cited the 2026 Bank for International Settlements report to support his thesis that AI infrastructure investment may reflect inflated valuations rather than genuine market fundamentals.