Michael Burry shifts AI shorts to puts while Anthropic reveals $42B loss
Michael Burry shifted AI-related stock shorts into long-dated put options, targeting firms like Nvidia (NVDA) and others. Meanwhile, Anthropic (ANTHROPIC) reported a $4.6B revenue jump in 2025, alongside a $42B net loss, ahead of a potential IPO.
How this was made
The 30-second read
Why it matters
The disclosed repositioning adds significant bearish pressure on a range of tech and AI‑exposed stocks, potentially prompting short‑covering rallies or further downside.
Market read
Burry’s high‑profile trade shift signals a bearish outlook on AI, likely influencing market sentiment and price action for the listed tickers mentioned.
What to watch
Anthropic’s massive loss may be a one‑time accounting charge; AI demand could remain strong.
Background
Michael Burry, famed investor, publicly shifted multiple AI‑related shorts to long‑dated puts, citing an imminent AI bubble burst.
Ticker impact
Burry covered his short in Micron Technology and replaced it with long‑dated put options.
likely pressure on MU as market prices in Burry’s short put positioning
Burry’s high‑profile bearish bets often influence market sentiment.
Burry covered his short in CoreWeave and sought puts but found none at attractive prices.
minimal effect on CRWV price today
Absence of new put positions means no added bearish pressure.
Burry replaced his short in Nvidia with long‑dated put options.
likely downward pressure on NVDA
Burry’s AI‑short stance signals skepticism on the sector.
Burry covered his short in Palantir and switched to puts through 2027.
potential short‑term pressure on PLTR
Long‑dated puts increase market supply of bearish bets.
Burry replaced his short in Oracle with December 2027 puts.
likely modest downside pressure on ORCL
Long‑dated puts signal expectation of lower future price.
Burry initiated a new short position in MetLife using longer‑dated puts.
potential downward pressure on MET
New short put position indicates negative outlook.
Burry covered his short in the iShares Semiconductor ETF and moved to puts.
likely pressure on SOXX ETF price
ETF puts reflect broader skepticism on semiconductor sector.
Burry covered his short in Caterpillar and replaced it with puts.
potential short‑term downside pressure on CAT
Long‑dated puts increase bearish exposure.
Market effects
Burry’s AI‑short stance may dampen sentiment across AI‑related equities and semiconductor exposure.
Primarily U.S. equity markets; limited direct regional effect.
Highlights broader skepticism on AI hype, potentially influencing global tech valuations.
Counterpoint
Some investors may view Burry’s bearish bets as over‑reactive given AI revenue growth.
Key entities
- individualMichael Burry
Investor known for contrarian bets, now targeting AI sector.
- companyAnthropic
AI startup preparing for IPO with reported $42 B net loss.
