Michael Burry: Increases short positions in Nasdaq and semiconductor stocks, warns of an AI bull market trap.

On November 12, when the Nasdaq 100 index rebounded to around 27,000 points, Michael Burry doubled his put option position and re-established a put option position in the VanEck Semiconductor ETF, with an expiration date in early 2027. Burry likened the Nasdaq 100's high on October 6 to the peak of the 2000 dot-com bubble, believing the AI boom is creating a bull trap and predicting a correction in the technology sector by mid-2027. In response to the departure of Nvidia CEO Jensen Huang, Michael Burry advised investors to exit the market, believing that the leadership change would impact Nvidia's profit margins and growth prospects, and also affect companies such as CoreWeave, Nebius, and TSMC. Michael Burry disclosed portfolio adjustments via his Substack account, increasing his holdings in PayPal, MercadoLibre, Sprouts Farmers Market, Adobe, JD.com, and Ero Copper, while also repurchasing Lululemon.