🚨 “The Big Short” legend Michael Burry is betting against the semiconductor rally again.

Burry reportedly bought put options on the iShares Semiconductor ETF ($SOXX), targeting $330 by January 2027, saying the AI-driven rally will eventually “return to earth.”

📈 Semis have massively outperformed: • SOX Index: +230% YoY

• S&P 500: +120%

• Nasdaq 100: +110%

He warned the AI narrative is powerful but fragile, citing risks like: • Supply chain issues

• Order cancellations

• Inventory build-ups

⚠️ Notably, Burry’s earlier Nvidia bearish bet is currently deeply underwater as NVDA continued surging higher.

#NVIDIA #AI #Stocks #Semiconductors #Markets