Michael Burry Swaps AI Shorts for 2027 Put Options

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3▲0 ▼8Impact / 5
Summary · why it matters

Michael Burry has replaced several of his bearish common-stock short positions on AI-related companies with put options extending into 2027, seeking greater exposure to a potential downturn. Burry said he closed shorts in Micron Technology, Nebius Group, Caterpillar, the iShares Semiconductor ETF, CoreWeave, Nvidia and Palantir Technologies, with most replaced by longer-dated puts. Oracle was also shifted to December 2027 puts, while he opened a new bearish position in MetLife through long-term options, and CoreWeave remained uncovered because suitable puts were not attractively priced. The repositioning partly reflects tax-loss harvesting, but Burry said weekend research accelerated his timeline for an AI bubble break. He pointed to Anthropic's reported 2025 revenue of nearly $4.6 billion, which came alongside heavy infrastructure spending and a large accounting-related loss, highlighting the capital demands facing the sector.

Impact on assets 8

Artificial Intelligence▼ · 3 stocks
NVIDIA Corporation
NVDA
▼ NegativeCapitalrelevance

Burry closed his Nvidia short and replaced it with longer-dated puts, signaling a bearish bet on an AI downturn.

Nebius Group N.V.
NBIS
▼ NegativeCapitalrelevance

Burry closed his Nebius short and replaced it with longer-dated puts, maintaining a bearish position.

Cloud & Digital Infrastructure▼ · 1 stocks
Oracle Corporation
ORCL
▼ NegativeCapitalrelevance

Burry shifted his Oracle bearish position into December 2027 puts, extending his bet against the stock.

Defense & Geopolitical Fragmentation▼ · 1 stocks
Palantir Technologies Inc.
PLTR
▼ NegativeCapitalrelevance

Burry closed his Palantir short and replaced it with longer-dated puts, maintaining a bearish position.

Energy Transition & Power Demand▼ · 1 stocks
Caterpillar Inc
CAT
▼ NegativeCapitalrelevance

Burry closed his short position in Caterpillar and replaced it with longer-dated puts, signaling a bearish bet on the stock.

Aging Population▼ · 1 stocks
MetLife Inc
MET
▼ NegativeCapitalrelevance

Burry opened a new bearish position in MetLife through long-term options.

Semiconductors▼ · 1 stocks
Micron Technology Inc
MU
▼ NegativeCapitalrelevance

Burry closed his Micron short and replaced it with longer-dated puts, keeping a bearish bet on the AI-linked chipmaker.

Off-coverage companies 1

AnthropicPrivate± Mixed
relevance

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