Renowned investor Michael Burry, the inspiration behind the film "The Big Short", radically scaled up his short positions against the AI sector, according to The Wall Street Journal.

He disclosed his latest bearish bets, including TESLA, INC. (TSLA.US), CATERPILLAR INC. (CAT.US), semiconductor manufacturer APPLIED MATERIALS, INC. (AMAT.US), and an ETF tracking chipmakers, namely iShares Semiconductor ETF (SOXX.US).

These positions are part of his ongoing short-selling strategy over recent months, aimed at profiting from a potential cooling of the AI boom. Burry wrote on his Substack on Tuesday (30th) that he believes this is the beginning of the end.

He has consistently criticized the stock market's AI frenzy, arguing that investors have rushed blindly into pushing up the share prices of industry giants while ignoring potential risks. Burry gained a large group of online followers after accurately shorting the US housing market during the 2008-09 financial crisis.

One of his latest bets involves buying put options on an ETF tracking a semiconductor index. Constituents of the index include MICRON TECHNOLOGY, INC. (MU.US) and ADVANCED MICRO DEVICES, INC. (AMD.US). He also targeted CATERPILLAR, noting that he had previously profited from taking long positions in the company. Burry also increased his months-long bearish position against NVIDIA CORPORATION (NVDA.US).
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AASTOCKS Financial News
Website: www.aastocks.com

SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
TSLA (C)	11134	490 (-)	0.390	6.2 X
TSLA (P)	11135	330 (-)	0.355	3.6 X
MU (P)	11114	400 (-)	0.345	2.3 X
AMD (C)	11214	700 (-)	1.110	3.2 X
Nvidia (C)	11185	275 (-)	0.121	5.9 X
Nvidia (P)	11090	168 (-)	0.203	3.8 X