Michael Burry Just Did Another 'Big Short' — As Historic Chip Stock Rally Finally Snaps

Michael Burry disclosed new put positions on semiconductor-related instruments, including puts on Nvidia and SOXX, prompting a 2% drop in the iShares Semiconductor ETF and ending an 18-day historic rally. The disclosure — plus Burry’s call for chip longs to sell — likely accelerated profit-taking in equipment and high-beta mid-cap chip names while AI mega-caps held up. SOXX was notably extended (about 43% above its 200‑day MA; 14‑day RSI ~85) after a 12‑month gain of roughly 150%, making Burry’s trade a high‑profile catalyst ahead of a heavy week of semiconductor earnings. The market reaction highlights risk of a rotation from hardware to software, with Citings of new longs in Microsoft, Adobe and PayPal framing the move as sector rebalancing rather than a broad market short.