Public market data indicate bearish positions in Nvidia, Applied Materials, iShares Semiconductor ETF and Micron, though actual profit remains unclear without sizing, options structure, scaling or exit details.
Michael Burry’s bearish bets against semiconductor-linked names were showing a simple average unrealized gain of about 20.1% as of the July 28 U.S. close, based on public market data. The positions indicate he opened shorts in Nvidia, Applied Materials and the iShares Semiconductor ETF on June 30, then began directly shorting Micron in early July. The figure reflects the average move across the basket rather than a true portfolio return, since actual profit cannot be calculated without information such as position sizes, options structure, scaling details or whether any of the trades have already been exited.