Michael Burry Just Revealed His Next Big Short, and It's a Bet Against Nvidia, Micron, and AMD

Michael Burry, famous for his 2008 housing market short, has opened a short position against the iShares Semiconductor ETF, betting against major chipmakers including Nvidia, Micron, and AMD. Burry argues that semiconductor valuations are excessive with a P/E ratio of 74.3, more than double the Nasdaq-100 tech index, and questions the sustainability of AI infrastructure spending as businesses curb their AI investments.