Swimming against the current - Michael Burry doesn't take his foot off the brake - and deepens his bet against AI chips ๐ฉธ
Michael Burry continues to harden his position against the market, choosing to increase his bets against the chip sector - despite recent declines. ๐ฅ
His new moves include:
Increasing short positions - by average stock price in position:
Micron ($MU) - increased short by $933.86 ๐ฝ Nvidia ($NVDA) - increased short by $210.28 ๐ฝ Caterpillar ($CAT) - increased short by $893.49 ๐ฝ Chip sector ($SOXX) - increased short by $535.83 ๐ฝ
Increasing long positions: Flutter ($FLUT) - increased position by $100.72 ๐ผ DraftKings ($DKNG) - increased position by $23.07 ๐ผ Molina Healthcare ($MOH) - increased position by $197.02 ๐ผ
In addition, Burry is also short on: Tesla ($TSLA) ๐๏ธ Palantir ($PLTR) ๐ Nasdaq 100 ($QQQ) ๐
The message is very clear: Burry not only continues to bet against large growth stocks - but even increases his short exposure there, precisely in the sector leading the market rally. ๐
On the other hand - he invests capital in companies in the online gambling and health insurance sectors - areas considered less hype-dependent and more based on cash flow and business activity. ๐
When Burry increases short positions even though he is already profitable - it's hard to ignore the fact that he is convinced the story is far from over. โ ๏ธ
Burry's current portfolio is attached ๐ผ