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This article first appeared on GuruFocus. Michael Burry (Trades, Portfolio) is maintaining his bearish outlook on the semiconductor industry but has started reducing one of his biggest bets after a sharp decline in technology shares. The investor disclosed that he had closed 25% of his put options on the VanEck Semiconductor ETF (SMH), according to a Substack post. Warning! GuruFocus has detected 3 Warning Signs with NVDA. Is NVDA fairly valued? Test your thesis with our free DCF calculator.NVDA GF Value chart The adjustment comes as his remaining contracts have expanded into a substantial position.
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