This article first appeared on GuruFocus. Michael Burry (Trades, Portfolio) is reshaping several bearish bets on AI-related companies, replacing common-stock short positions with put options that extend into 2027 as he looks for greater exposure to a potential downturn. Warning! GuruFocus has detected 4 Warning Signs with CRWV. Is CRWV fairly valued? Test your thesis with our free DCF calculator. Burry said he closed short positions in Micron Technology (MU), Nebius Group (NBIS), Caterpillar (CAT), the iShares Semiconductor ETF (SOXX), CoreWeave (CRWV), Nvidia (NVDA) and Palantir Technologies (PLTR). Most were replaced with longer-dated puts.
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