Michael Burry, a familiar name in the investment world due to his wise actions predicting the collapse of the subprime mortgage market that led to the 2008 financial crisis.
Recently, he announced that he would withdraw from continuing his bets on the S&P 500 and Nasdaq 100 in this third quarter with a reported loss of around 40%.
However, Burry found another short investment industry, semiconductors.
According to Fund Protector Burry, Scion Capital disclosed that they have closed positions in the SPDR S&P 500 ETF (SPY) and the Invesco QQQ Trust (QQQ) since late September.
The bet is seen as 'bearish', amounting to $1.6 billion on the last day of the second quarter. The index fell 3.6% and 3% in the third quarter.
In addition, Burry's firm also reportedly placed bets on the semiconductor stock index formerly known as Priceline according to its quarterly 13-F filing.
Although the bet this time is not as big as the previous batch, it still has a significant impact on the iShares Semiconductor ETF.
Last Tuesday, Burry's filing showed the purchase of 2,500 shares of travel platform Booking Holdings Inc. BKNG, 1.74% and 100,00 shares of iShares Semiconductor ETF XSD.
The semiconductor industry has been among the biggest beneficiaries of the boom in A.I. in this year. Nvidia Corp. NVDA has risen by 2.13% and is currently the largest traded US stock.
