Brind.

Michael Burry has initiated bearish bets against multiple companies, including Applied Materials, Nvidia, Caterpillar, and Tesla, while a rally was driven by big spending out of Korea.

Steady: 0 in the last 7 days Updated sep 10

The latest in this situation

  1. A closing short bet against CoreWeave failed to lift its stock, despite its steady growth.
  2. Burry shed Nvidia puts as CoreWeave's strong backlog challenges his bearish AI thesis.
  3. Jensen Huang's actions and CoreWeave's chip usage are seen as countering Michael Burry's bearish thesis on the AI semiconductor market.
  4. Burry is watching Nvidia's credit-default swaps widen amid systemic financial warnings.

How it started

7 reports, 4 independent, last reported Jul 7. The briefing below covers this first event.

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Well supportedReported by 4 independent outlets

Michael Burry has initiated bearish bets against multiple companies, including Applied Materials, Nvidia, Caterpillar, and Tesla, while a rally was driven by big spending out of Korea.

Who's involved

What this event is mainly about
Michael BurryApplied MaterialsNvidia

How it developed

Newest first. Tap a step to see who reported it.
  1. Michael Burry is targeting companies involved in the AI boom, including Applied Materials, Nvidia, and Tesla, and announcing his bearish bets via Substack.Sub-event
  2. Burry shorted AMAT, NVDA, TSLA, and CAT shares, all linked to the SOXX ETF.1 source
  3. Burry adds bearish bets on Applied Materials, Nvidia, Caterpillar, and Tesla; Korea spending drives rally.1 source

Keep exploring

The entities involved

Coverage

Newest first; wire copies grouped
3 more outlets ran the same wire story