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Michael Burry Bets Against Chips as Nasdaq-100 Hits All-Time High
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CNBC TV18•23-09-2026, 21:47
Michael Burry Bets Against Chips as Nasdaq-100 Hits All-Time High
- •Michael Burry, known for predicting the 2008 housing crash, is shorting memory chip companies and semiconductor ETFs, believing the current chip shortage is temporary.
- •Burry argues the memory chip industry will return to its cyclical boom-and-bust pattern, citing increasing Chinese production capacity.
- •He is increasing short positions on Micron Technology, Nebius Group, the SOXX iShares semiconductor ETF, and Palantir.
- •Acer CEO Jason Chen and economist Sujai Shivakumar also warn of a potential memory glut due to heightened Chinese output.
- •Burry describes the Nasdaq-100 as "historically overvalued and historically top heavy" but is also increasing long positions on other preferred stocks.
Key Questions Answered
Michael Burry believes the current structural shortage of memory chips is temporary and that production increases, particularly from China, will cause the sector to return to a boom-and-bust cycle within two years.
Burry is increasing short and put positions on memory maker Micron Technology, cloud platform Nebius Group, the SOXX iShares semiconductor ETF, and data analytics provider Palantir.
Burry revealed he has purchased more shares of QXO, Build-A-Bear, Sprouts, Birkenstock, and Mercado-Libre because he finds their current market prices rather attractive following significant corrections.
