"Big Short" Michael Burry: AI Bubble May Burst "Earlier Than Expected," Replaces Short Positions with Put Options to Boost Leverage

Michael Burry hinted that the AI bubble could burst as early as next summer, replacing all short positions in Micron, Nebius, the SOXX semiconductor ETF, and Palantir with put options to gain lower-cost, higher-leverage short exposure. He believes the AI boom is built on the unproven assumption of "sustained capital expenditure," and once revenue disappoints, capital will quickly retreat.