Michael Burry Doubles Nasdaq 100 Put Bets and Adds to Chip Shorts
Investor Michael Burry raised bearish bets on the Nasdaq 100 and semiconductor ETFs as Nvidia's leadership change weighs on AI infrastructure stocks.
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what happened
Investor Michael Burry has strengthened his bearish bets on chipmakers and the broad tech index, according to Stocktwits. He said he used a rebound in the Nasdaq 100 from around the 27,000 level to double his NDX put position, with an early-2027 expiry and a strike roughly a fifth below the market. He also repurchased a quarter of a previously trimmed put on the SMH expiring in June.
Burry links the pressure on the sector to a selloff in AI infrastructure shares after Jensen Huang stepped down as Nvidia's chief executive amid regulatory scrutiny. He expects SMH valuations could still slide and that earnings across the group will shrink over the next couple of years. He sees Broadcom and AMD as possible winners if Nvidia loses its grip.
why it matters
A prominent bearish investor's positions are a signal worth watching, though one trader's bets rarely set the direction of major indexes. Retail sentiment on Stocktwits toward SMH moved from bullish to neutral over the past day, while NDX sentiment improved from extremely bearish to bearish. Year to date, SMH is up 39% and NDX is up 12%.
market impact
Chip ETFs and Nasdaq 100: a high-profile bearish bet adds negative sentiment around the AI sector
tags
instruments
sources
- Michael Burry Doubles Down On Nasdaq 100 Puts, Adds To Semiconductor Shorts As Nvidia Faces Scrutiny — Stocktwits, 12 November 2026 at 23:53 UTC
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