24/7 Wall Street
24 Aug 2026, 12:36 UTC · 8w ago
Impact · against what's priced in
The news highlights a high-profile contrarian bet by Michael Burry, which introduces negative sentiment for NVDA and the AI complex ahead of earnings. Conversely, it provides a value-based catalyst for LULU and JD.com, though LULU's fundamental headwinds remain a significant drag.
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What the story claims
5 claims · scored −1 bearish … +1 bullish
Michael Burry is shorting NVIDIA, the iShares Semiconductor ETF (SOXX), and the Invesco QQQ Trust ahead of NVIDIA's August 26 earnings report.
So whatA high-profile contrarian bet against the AI sector leader and its primary index vehicles can signal a potential valuation peak or catalyst for a correction.
More negative than 94% of claims this week
Burry has doubled his stake in Lululemon (LULU), which now represents 17.4% of his portfolio.
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Burry has fully exited his position and stated the stock would need to drop by half before he would consider returning.
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Burry has doubled his stake to 17.4% of his portfolio, calling the stock 'screaming cheap' at a forward P/E of 11, despite declining Americas sales.
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Burry has rotated his entire Alibaba position into JD.com, signaling a preference for JD within the Chinese e-commerce sector.
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More positive than 81% of claims this week
Burry has explicitly declined to short Apple (AAPL), describing it as 'permacostly' despite its rich valuation.
More positive than 56% of claims this week
Lululemon's forward P/E has dropped to 11, with the majority of analysts (29 of 34) currently rating the stock as a Hold.
So whatConfirms a strong consensus of stagnation or decline in fundamentals, offsetting the positive signal of Burry's long position.
More negative than 61% of claims this week
Burry has rotated his entire Alibaba position into JD.com.
More positive than 47% of claims this week
Which stocks this story touches
More negative than 80% of ticker scores this week
Burry has exited his position entirely and stated he would need the stock to fall by half before reconsidering.
More positive than 79% of ticker scores this week
Michael Burry calls the stock 'screaming cheap' and has significantly increased his position.
More positive than 72% of ticker scores this week
Burry has moved his Alibaba position into JD.com and holds a larger long position.
More negative than 74% of ticker scores this week
Michael Burry is shorting the stock, citing a rich valuation of $5.2 trillion.
More negative than 71% of ticker scores this week
Listed as one of the companies Michael Burry has taken a short position against.
More positive than 68% of ticker scores this week
Identified as a larger long position in Michael Burry's portfolio.
More positive than 68% of ticker scores this week
Identified as a larger long position in Michael Burry's portfolio.
More positive than 68% of ticker scores this week
Identified as a larger long position in Michael Burry's portfolio.
More negative than 71% of ticker scores this week
Listed as one of the companies Michael Burry has taken a short position against.
More positive than 62% of ticker scores this week
Michael Burry has added to his position in the company.
More positive than 51% of ticker scores this week
Burry refuses to short the company despite its valuation, noting its consistent EPS beats.
More positive than 51% of ticker scores this week
Mentioned as a comparison for relative value, though less compelling than LULU according to Burry.
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