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via finance.yahoo.comTech & AI

Michael Burry warns on chip stocks and doubles put options on Nasdaq 100

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Michael Burry (Trades, Portfolio) said the grip Nvidia (NASDAQ:NVDA) has on the AI supply chain may be loosening following Jensen Huang's exit as CEO, and he has added to wagers against tech shares. Warning! GuruFocus has detected 3…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA prominent bearish bet on the index and chip stocks can weigh on the tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Burry thinks Nvidia's grip on the AI supply chain may be loosening after Huang's exit.
  2. 02He doubled his put options on the Nasdaq 100 with early 2027 strikes.
  3. 03He named Broadcom and AMD as possible winners.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA CorporationNVDAStock166.19 USDMarket closedtoday -4.34%Negative Broadcom Inc.AVGOStock364.36 USDMarket closedtoday +5.54%Positive Advanced Micro Devices, Inc.AMDStock585.30 USDMarket closedtoday +5.86%Positive NASDAQ 100INDEX:NDXIndex28,289.19Market closedtoday -0.30%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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