Michael Burry Expands Bets Against Nvidia, Micron— and Is Now Buying Lululemon and DraftKings
‘The Big Short’ investor Michael Burry has expanded his bearish bets against chipmaker Nvidia Corp. (NASDAQ: NVDA ) while piling into long stakes in Lululemon Athletica Inc. (NASDAQ: LULU ) and DraftKings Inc. (NASDAQ: DKNG ), confirming he made no sells in his latest portfolio update, according to his July 30 post. Doubling Down on AI Tech Shorts Citing Burry’s Substack ‘Trading Post,’ multiple media outlets reported that he increased his short exposure across major semiconductor and tech names, adding to his Nvidia Dec. 18, 2026 puts in the “low 100s strike range.” He also expanded short positions in Micron Technology Inc. (NASDAQ: MU ) at around $880, the iShares Semiconductor ETF (NASDAQ: SOXX ) at around $506, and Invesco QQQ Trust (NASDAQ: QQQ ) Jan. 15, 2027 puts in the “high 500s strike range.” Burry has voiced growing alar...
‘The Big Short’ investor Michael Burry has expanded his bearish bets against chipmaker Nvidia Corp. (NASDAQ: NVDA ) while piling into long stakes in Lululemon Athletica Inc. (NASDAQ: LULU ) and DraftKings Inc. (NASDAQ: DKNG ), confirming he made no sells in his latest portfolio update, according to his July 30 post.
Doubling Down on AI Tech Shorts Citing Burry’s Substack ‘Trading Post,’ multiple media outlets reported that he increased his short exposure across major semiconductor and tech names, adding to his Nvidia Dec. ” He also expanded short positions in Micron Technology Inc. (NASDAQ: MU ) at around $880, the iShares Semiconductor ETF (NASDAQ: SOXX ) at around $506, and Invesco QQQ Trust (NASDAQ: QQQ ) Jan. ” He previously argued that Nvidia’s future revenues are heavily dependent on off-balance-sheet financing arrangements.
Additionally, Burry revealed on Substack that he is preparing a comprehensive critique of Big Tech giants that reported earnings on Wednesday, Microsoft Corp. (NASDAQ: MSFT ) and Meta Platforms Inc. ” Read Also: Is the AI Boom A 'Virtuous Circle' Or a Ponzi Scheme? ” Furthermore, he built up stakes in Lululemon around $118 and Zoetis Inc.
” Burry left his existing positions in Tesla Inc. (NASDAQ: TSLA ) and Palantir Technologies Inc. (NASDAQ: PLTR ) unchanged. Describing the long additions as a “turnover into stronger hands,” he asserted that these depressed stocks are “rather de-risked at these prices” for long-term holders.
How Has NVDA Performed In 2026? 80% over the year. 83% in overnight trading. ’s Edge Stock Rankings indicate that NVDA maintains a weak price trend in the short and medium terms but a strong trend in the long term, with a good quality score.
Read Also: Forget the Apple Phase-Out: Patrick Moorhead Says Qualcomm Boasts a 'Rocking' Auto Business and Data Center Tech 'Different From NVIDIA' Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. Image via Shutterstock