24/7 Wall Street
24 Aug 2026, 12:36 UTC · 18h ago
Michael Burry Is Shorting Nvidia Heading Into Earnings, Here's What He's Buying Instead
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
24/7 Wall Street
24 Aug 2026, 12:36 UTC · 18h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
5 claims · each scored for market impact
Michael Burry is shorting NVIDIA, the iShares Semiconductor ETF (SOXX), and the Invesco QQQ Trust ahead of NVIDIA's August 26 earnings report. — A 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.
-0.60Burry has doubled his stake in Lululemon (LULU), which now represents 17.4% of his portfolio. — Significant conviction from a known value investor in a heavily beaten-down stock may attract momentum buyers or value hunters.
+0.40Burry has explicitly declined to short Apple (AAPL), describing it as 'permacostly' despite its rich valuation. — Suggests that even a bearish investor sees structural strength or a 'moat' in Apple that makes it an unattractive short target.
+0.20Continue reading
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Lululemon's forward P/E has dropped to 11, with the majority of analysts (29 of 34) currently rating the stock as a Hold. — Confirms a strong consensus of stagnation or decline in fundamentals, offsetting the positive signal of Burry's long position.
-0.10Burry has rotated his entire Alibaba position into JD.com. — Indicates a specific preference for JD.com over Alibaba within the Chinese e-commerce space, though likely a smaller market move overall.
+0.10Which stocks this story touches
Burry has exited his position entirely and stated he would need the stock to fall by half before reconsidering.
Michael Burry calls the stock 'screaming cheap' and has significantly increased his position.
Burry has moved his Alibaba position into JD.com and holds a larger long position.
Michael Burry is shorting the stock, citing a rich valuation of $5.2 trillion.
Listed as one of the companies Michael Burry has taken a short position against.
Identified as a larger long position in Michael Burry's portfolio.
Identified as a larger long position in Michael Burry's portfolio.
Identified as a larger long position in Michael Burry's portfolio.
Listed as one of the companies Michael Burry has taken a short position against.
Michael Burry has added to his position in the company.
Burry refuses to short the company despite its valuation, noting its consistent EPS beats.
Mentioned as a comparison for relative value, though less compelling than LULU according to Burry.
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