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Michael Burry Expands AI Short Positions Including Tesla, CAT, AMAT; Calls South Korea Chip Investment "Beginning of the End"

2026-07-02 05:00:48

According to Odaily, Michael Burry recently expanded his short positions on AI-related assets, with newly disclosed targets including Tesla, Caterpillar, Applied Materials, and a semiconductor manufacturing tracking ETF. In a Substack post, Burry reiterated his bearish outlook on the AI sector, stating that South Korea's announcement of large-scale chip investment plans drove chip stocks higher but represents "the beginning of the end." He questioned whether sustained capital expenditure in the AI industry will ultimately translate into corresponding returns. (Source: Wall Street Journal)

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