Michael Burry Just Made A Massive Move (What It Means For You!)
In a Nutshell
Michael Burry added shorts on Coreweave, Micron, Palantir, SOXX, Oracle, Nibius, and Caterpillar while going long on Lululemon and Molina Healthcare. His core thesis targets overvalued AI and semiconductor stocks like Palantir at 148x P/E and Coreweave losing $1.9B annually, with Palantir potentially dropping below $50 and Micron crashing to $100. He hedged his Nvidia short with calls ahead of earnings and emphasizes waiting for confirmation rather than fighting irrational momentum.
These notes were generated by AI and may contain inaccuracies.
Michael Burry recently added to multiple positions across both shorts and longs. These updates come from his Substack posts since he no longer manages Scion Management and is not required to file with the SEC. The updates may represent actual trade executions or simply thoughts on positions.
Burry bought Coreweave shorts. The stock gapped up from lows of $87 to highs of $110 after reporting earnings. Coreweave trades at a 24x P/E ratio while losing money, generating $7.59 billion in annual revenue but losing $1.9 billion. The company operates with significant debt burden, is quickly burning through cash, and 16 analysts have revised earnings downward for the upcoming period.
The stock has established resistance around $110-120 and support around $60-70. From recent highs near $110, it has already sold off 22% and is testing around $83. The stock shows a pattern of rallying then correcting repeatedly.
Burry added to his Micron short. The stock is currently consolidating between support at $900 and resistance near $1,000. Burry's thesis is that AI memory chip companies are cyclical and overvalued, with Micron eventually crashing back to $100 per share.
Burry added to his Palantir short. The stock experienced a 50% drawdown from highs of $207 to lows of $106 over an entire year of lower highs and lower lows. After better-than-expected earnings, it has retested overbought levels around $180. Palantir trades at a 148x P/E ratio with a $447 billion market cap despite only $3 billion in net income.
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