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This article first appeared on GuruFocus. Michael Burry (Trades, Portfolio) has started taking profits on one of his biggest bearish technology bets. 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 famed investor disclosed that he sold 25% of his put options on the VanEck Semiconductor ETF (NASDAQ:SMH) after a sharp selloff across U.S. chip and technology stocks. But that does not mean Burry has turned bullish. He said the remaining SMH put position has become very large, suggesting the trade still represents a major part of his bearish exposure.
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