Michael Burry Is Short the iShares Semiconductor ETF. The Fund Has Still Gained 73% in 2026.
Michael Burry is shorting the iShares Semiconductor ETF, but that doesn't mean all investors should follow suit.
Overview
Michael Burry was one of the first investors to spot the subprime mortgage crisis before it became a full-fledged economic fiasco, earning acclaim for his prescience. As such, when he opines on various segments or specific stocks, investors listen.
So it's understandable that, in the wake of his recent revelation that he's short the iShares Semiconductor ETF (NASDAQ: SOXX) and some of that exchange-traded fund's (ETF) largest holdings, that some market participants are unnerved. After all, semiconductor stocks have been among the primary drivers of the current bull market. Plus, they're hard to avoid.
Details
Own a basic S&P 500 index fund? Three chip stocks, including Nvidia (NASDAQ: NVDA) and Micron Technology (NASDAQ: MU), which are two of Burry's short positions, are among the top 10 holdings.
Source
Originally published at www.fool.com.