Michael Burry has fully exited his long position in Microsoft and closed his Oracle short, while pushing his bearish bets on Nvidia and the Nasdaq-tracking QQQ ETF further into 2027. The rolls, rather than the exits, signal Burry still expects an AI-linked market correction — just not immediately.
Michael Burry, the investor who predicted the 2008 housing collapse, has fully exited his long positions in Microsoft. He also closed out his entire short position in Oracle. At the same time, Burry rolled his Nvidia and QQQ puts further into the future, signaling he still expects an AI-linked reckoning — just not yet.
What changed in the portfolio
Burry's Oracle short had been open since at least six months before his January 2026 disclosure. He trimmed half the position in July 2026 before closing the rest completely. Palantir is a more nuanced case: Burry liquidated his January 2026 puts on Palantir but remains short the stock itself, meaning he still expects it to fall without paying for options with a hard expiration.
Rolling the AI bets further out
The rolls, not the exits, carry the real signal. Burry pushed his Nvidia puts out to June 2027, with strike prices in the low $100s. He also extended his QQQ short to February 2027. His remaining short book spans Nvidia, Palantir, Tesla, Micron, Applied Materials, Caterpillar, and the SOXX semiconductor ETF.
A narrower target on AI spending
Exiting a diversified software company while staying short Nvidia suggests Burry is narrowing his thesis toward the names most directly inflated by AI capital spending. Caterpillar fits that pattern too, since the equipment maker has benefited from data-center buildout spending, which Burry's short book treats as a stand-in for AI infrastructure investment. The moves follow Burry's closure of his investment firm, Scion Asset Management, in November 2025; he has since traded his own capital and grown more vocal on Substack and X about AI-driven excess.
A history of early calls
Rolling rather than closing the puts suggests Burry believes the correction he expects hasn't arrived yet, though he still expects it within about a year. He has been early before: Burry held large put positions on major indices in 2023 that expired worthless as markets rallied. Upcoming earnings from Nvidia, Micron, and Applied Materials, along with capital expenditure guidance from Microsoft, Google, and Amazon, will show whether his timeline holds this time.
Source: Crypto Briefing
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