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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting growing skepticism over the sustainability of the current tech rally, investor Michael Burry disclosed short positions against Nvidia, Tesla, and Micron in posts this week. According to reports, Burry specifically labeled Micron a 'capital destroyer' despite its fiscal third-quarter revenue quadrupling to $41.5 billion. These positions emerge as semiconductor and electric vehicle stocks continue to dominate global market momentum.
Burry's bets come amid mixed performance among chip peers, with TSM closing at $434.16 and AMD at $517.82 per market data on July 2, 2026. Looking at historical context, Nvidia has posted explosive earnings growth in recent quarters driven by data center demand, while Tesla faces margin pressure amid a global EV price war (per previous quarterly earnings reports).
Traders should watch key levels for these instruments, as MU stood at $975.56, NVDA at $194.83, and TSLA at $393.45 (at close July 2, 2026). Regarding upcoming catalysts, the Chinese Manufacturing PMI data scheduled for June 30, 2026, may provide further signals on global demand for semiconductors and electronics.