Prominent investor Michael Burry has disclosed new positions in Chinese technology stocks while increasing his bearish wagers against NVIDIA, drawing significant market attention. On April 10, Burry announced via his Substack platform that he had purchased shares of JD.com and Alibaba.
In addition to Chinese tech stocks, Burry revealed he expanded his holdings of NVIDIA put options and acquired shares in GameStop and payment technology firm Fiserv. Known for his accurate prediction of the 2008 subprime mortgage crisis, Burry's investment moves are closely monitored by the market. JD.com's ADR rose over 2% on Friday.
Burry has made substantial moves into Chinese e-commerce while ramping up his bearish stance on NVIDIA. According to a post he shared with paid subscribers on Substack, he bought shares of JD.com and Alibaba that day. The post stated that JD.com represented a significant addition to his portfolio, while Alibaba was a new position accounting for slightly more than 6%, with JD.com's allocation also exceeding that level.
Burry also indicated that JD.com's recent weakness presented a highly attractive entry point, suggesting his move was part of a strategy to buy on dips. Regarding NVIDIA, Burry noted he further expanded his put option position, specifically purchasing January 2027 puts with a strike price of $115 at a cost of $3.30.
He added in the post that an alternative way to view the trade was that his nominal short exposure stood at approximately 3%, and if NVIDIA were to decline significantly, borrowing costs could easily reach or exceed that level. Burry also confirmed he continues to hold his previously acquired January 2027 puts with a $100 strike price.
Back in February, Burry had raised concerns about the sustainability of the artificial intelligence boom, questioning whether massive data center spending by tech giants could be maintained long-term without damaging balance sheets and profits. His increased put options reinforce his cautious stance toward the AI sector.
Burry further disclosed he added to his GameStop position, describing it as a further increase to an already substantial holding. He also bought shares in payment technology company Fiserv, expressing optimism about the firm's new leadership team.
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