Michael Bury: South Korea's chip investment plan marks the beginning of the end of the AI boom

Michael Bury shorted Micron Technology on Wednesday at a price of $1051.87. According to SEC 13F data, Michael Bury has hit 9 out of 11 put options in the past two years, with a win rate of approximately 82%. Among them, all 8 short selling transactions of non AI and Chinese concept stocks were hit, and the winning rate of short selling AI related targets was only 33%. Michael Bury expands his short positions in Tesla, Applied Materials, Caterpillar, and SOXX, while maintaining a bearish stance on Nvidia. Michael Bury stated that South Korea's investment plan to build a large-scale chip industry cluster is the beginning of the end of the AI boom, and questioned the return on capital expenditures. Michael Bury predicts that the stock prices of Nvidia and Palantir Technologies will experience a pullback in the coming years.