Michael Burry, the investor known for his accurate call on the 2008 housing crisis, disclosed on Tuesday that he has established new short positions targeting a range of companies associated with artificial intelligence and semiconductor exposure. He set out the trades in a Substack post titled Trading Post June 30, 2026, characterizing them as part of a broader wager against what he views as an increasingly inflated market tied to AI and semiconductors.
In the post, Burry said he sold Tesla short at a price of $416.22. He added a concise note on that trade:
"And finally I shorted Tesla at 416.22. Happy it jumped back to this level,"indicating he put on the position after the stock had rallied.
Burry also reported initiating short positions in several other names on the same day. He listed Caterpillar Inc at $1,060.98, NVIDIA Corporation at $198.09, the iShares Semiconductor ETF (SOXX) at $642.80, and Applied Materials Inc at $729.40.
The disclosure did not include details on the scale or structure of these shorts. Burry did not specify the number of shares, the dollar value of each wager, or whether the positions were implemented via options, swaps, or outright short sales. Those aspects of the trades remain undisclosed in his post.
On timing, Burry's note on Tesla suggests he established that short following a rebound in the stock. Tesla had closed the prior trading session at $379.71 before moving roughly 10% higher on Tuesday; Burry's comment that he was "happy it jumped back to this level" implies he used the rally to enter the short rather than building the position during the decline.
The list of tickers Burry named spans automakers, chipmakers, industrial equipment, and an ETF tracking semiconductor companies. By grouping these positions under a single theme - what he describes as an inflated AI and semiconductor market - the disclosure frames the trades as a thematic bet rather than isolated company-specific wagers.
Without further detail on the size or leverage involved, the market impact and risk profile of Burry's trades cannot be determined from the disclosure alone. The post provides the entry prices and his stated rationale about valuation, but leaves open questions about exposure, time horizon, and hedging that would be necessary to quantify potential effects on the individual securities or broader sectors.
Contextual notes - The trades were reported in a Substack post titled Trading Post June 30, 2026. Burry identified the following entry prices: Tesla at $416.22; Caterpillar at $1,060.98; NVIDIA at $198.09; SOXX at $642.80; Applied Materials at $729.40. He did not disclose position sizes or structures.