TradingKey – Michael Burry has once again increased his bearish bets on tech stocks, focusing on whether, following Jensen Huang’s departure, Nvidia’s (NVDA) influence over the AI supply chain can be sustained, and whether financing arrangements supporting customer chip purchases will contract.

Burry disclosed in a Substack post published on November 12 that he capitalized on the Nasdaq 100 Index’s rebound from 27,000 to double his related put option position. The new contracts expire in early 2027, with a strike price roughly 20% below the index level at the time. In addition, he bought back 25% of the VanEck Semiconductor ETF (SMH) put option position that he had previously trimmed, with the contracts expiring in June 2027.