It looks like 'Big Short' investor Michael Burry nailed his bet against AI chip stocks

Michael Burry from "The Big Short" took aim at chip stocks in July. Bloomberg/Getty Images Michael Burry likely won big with his bets against microchip stocks last month. The "Big Short" investor said he bet against the iShares Semiconductor ETF, which fell 21% in July. Burry, a vocal skeptic of the AI boom, has been placing wagers against chip stocks for months. Michael Burry looks to be in the chips after a timely bet against semiconductor stocks. The investor of "The Big Short" fame said in a June 30 post on Substack that he'd shorted the iShares Semiconductor ETF (SOXX) at about $643, and refreshed his bearish put options on it too. The exchange-traded fund — which tracks the NYSE Semiconductor Index, a basket of chip stocks including Nvidia, AMD, Micron, and Intel — fell 21% over the next month to close at $505 on July 31.