Michael Burry (Trades, Portfolio) expanded several positions and increased his bearish exposure to artificial intelligence and semiconductor stocks in his latest portfolio update.
Burry added to his Nvidia NASDAQ:NVDA put options and increased his short position in Micron Technology (MU). He also expanded his bearish position in the iShares Semiconductor ETF and added QQQ put options.
Burry also bought more shares of DraftKings (DKNG) and Lululemon Athletica NASDAQ:LULU. His positions in Tesla NASDAQ:TSLA and Palantir Technologies NASDAQ:PLTR were unchanged.
Burry said his latest purchases were additions rather than sales. He added DraftKings shares around $23.40, Zoetis near $76 and Lululemon around $118. He described the latter two as full positions and pointed to their declines from previous highs.
For his bearish trades, Burry added Nvidia puts expiring Dec. 18, 2026, with strikes in the low $100s. He also increased his Micron short position around $880 and added to his SOXX short near $506, according to the report.