Michael Burry is shorting NVIDIA as tech volatility hits a 23-year extreme — fade the AI hype
Tech stock volatility is at a 23-year high, the famous investor who predicted the 2008 housing crash is betting against the AI leader, and key suppliers are tumbling. This isn't normal turbulence — these are warning signs that the AI trade is cracking.
Idea
Michael Burry, famous for predicting the 2008 financial crisis, is now shorting NVIDIA even as the company unveils new AI products. Meanwhile, tech stock volatility has hit a 23-year extreme, suggesting the bull market in tech may be running out of steam. The final domino is the memory-chip sector — NVIDIA's key suppliers like Micron and SanDisk are plunging on supply-glut fears, which means NVIDIA's input costs and supply chain are under pressure. When a legendary short-seller targets a stock at the same time its suppliers are breaking down and volatility is at multi-decade extremes, it's a powerful warning signal.
What happened since
| Symbol | Dir | T+1 | T+5 | T+20 |
|---|---|---|---|---|
| NVDA | SHORT | +0.63% ✗ | +7.88% ✗ | — |
Price change since publication · updated Jul 12
Key details
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News sources
- Volatility in Tech Stocks Just Hit a 23-Year Extreme. Why That May Mean the Bull Market Clock Is Ticking. — Yahoo Finance
- SanDisk Sinks 11%, Seagate Falls 7%, Micron Slides 4% on Memory Supply-Glut Fears — Yahoo Finance
- NVIDIA Unveils New AI Compute Model, But Michael Burry is Shorting Its Stock — Yahoo Finance