Michael Burry’s Bearish Pivot: Tech and China Bets Dumped, Single Stock Remains
Michael Burry’s Scion Asset Management has executed a dramatic portfolio overhaul, shedding bullish tech and China positions in favor of bearish bets. The fund now holds significant put options against Nvidia, signaling skepticism toward the AI-fueled rally that has propelled the chipmaker to record valuations.
Chinese tech giants Alibaba and Baidu have also fallen out of favor, with Scion establishing new short positions. This marks a stark reversal from Burry’s previous support for China’s tech sector. The fund’s only remaining long position remains undisclosed, leaving market participants speculating about Burry’s lone conviction play.