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Michael Burry Shorts Tesla at $416.22, Bets Against Nvidia, Applied Materials on AI Bubble

2026-07-01 00:13:32

SOXX4.73%

According to disclosures in his Substack newsletter on Tuesday, June 30, investor Michael Burry established new short positions in Tesla at $416.22 per share, along with stakes against Nvidia (short price $198.09), Applied Materials ($729.40), the iShares Semiconductor ETF SOXX ($642.80), and Caterpillar ($1,060.98). Burry stated that these positions reflect his view that valuations in the AI and semiconductor sectors are increasingly inflated. Burry did not disclose the size of his short positions or whether they were established through options.

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