Michael Burry just bet against the entire semiconductor sector
He bought SOXX puts with a $330 strike expiring Jan 2027 while the Philadelphia Semiconductor Index was posting its 18th straight day of gains (a new record)
SOXX was trading $460/462 when he entered. The ETF needs to DROP 28% just to hit the strike.
His exact words: “If you have a long position in semiconductor stocks, now would be the time to sell it.”
His thesis:
The 18-day rally is driven by TECHNICAL factors, not fundamentals
Data center/chip shortage narratives are sentiment, not substance
SOXX trailing P/E is 39.85x last seen at these overbought levels in June 2000
$NVDA $SOXX $AMD all ripping. Burry is on the other side.
What’s your take?
Michael Burry just bet against the entire semiconductor sector
He bought SOXX puts with a $330 strike expiring Jan 2027 while the Philadelphia Semiconductor Index was posting its 18th straight day of gains (a new record)
SOXX was trading $460/462 when he entered. The ETF needs…
— Manpreet Kailon (@preetkailon) April 26, 2026