Michael Burry just made a rare bullish bet on Big Tech
Key takeaways
- Michael Burry just made a rare bullish bet on Big Tech Tobi Opeyemi Amure Mon, June 29, 2026 at 4:03 PM GMT+7 6 min read NVDA Contrarian investors make their reputations by being right when everyone else is wrong.
- Few investors carry a heavier bearish reputation than Michael Burry.
- He has called the leaders of the AI boom overhyped and overfunded, and he has put real money behind the warning.
Michael Burry just made a rare bullish bet on Big Tech Tobi Opeyemi Amure Mon, June 29, 2026 at 4:03 PM GMT+7 6 min read NVDA Contrarian investors make their reputations by being right when everyone else is wrong. The harder trick is knowing when their own bearishness has run its course. The best of them can flip without flinching.
Few investors carry a heavier bearish reputation than Michael Burry. The Scion Asset Management founder is the man who shorted the housing market before the 2008 crash, the role Christian Bale played in "The Big Short."
For most of 2026, he has aimed that skepticism squarely at artificial intelligence, stacking put options against Nvidia (NVDA) and a basket of semiconductor and Nasdaq funds while comparing today's AI mania to the dot-com peak. He has called the leaders of the AI boom overhyped and overfunded, and he has put real money behind the warning.