Aug 12, 2026
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Add us on GoogleMichael Burry, who was made famous by The Big Short, is doubling down on his bearish bets against some of the market’s biggest AI and infrastructure names, while simultaneously increasing his investment in a healthcare company he has repeatedly argued is undervalued.
In a recent post on his substack, Cassandra Unchained, Burry said he added to several of his largest short positions, including Nvidia [NASDAQ: NVDA], Palantir [NASDAQ: PLTR], Oracle [NYSE: ORCL] and Caterpillar [NYSE: CAT]. He also increased his position in Molina Healthcare [NYSE: MOH], saying he remains confident in the company’s long-term prospects.
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Here’s a breakdown of his latest moves.
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Burry’s investment
Burry says he added to his Molina Healthcare position at $198, bringing the investment back to roughly the size of his largest positions.
“Molina is now more on par with my largest positions again,” Burry wrote. “I believe in Molina long term, and feel the political season may be shaping up as a good one for the company, which would be a nice surprise.”
The healthcare company’s stock has fluctuated, falling 54% from its March 2024 peak of more than $419, at one time dipping near $140. At the time of publication, the stock was trading around $200.
Burry has long backed the healthcare company, arguing it’s significantly undervalued and compared it to Geico, the auto insurer that Berkshire Hathaway invested in before it became an industry leader.
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Burry’s latest shorts
On the other side of his portfolio, Burry increased his Nvidia puts, with contracts expiring in December 2026 and June 2027 and strikes in the low $100s. Instead of shorting Nvidia shares, the puts give Burry the right to sell the stock at a predetermined price and allow him to express a bearish view while limiting his potential losses.
Burry has been critical of Nvidia’s recent $500 billion funding deal with Wall Street firms for its AI projects. The investor has argued that Nvidia’s new financing platform is recreating the same risky debt dynamics that added to the 2008 financial crisis, this time centered on the AI boom.
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Burry doubled down on his criticism in his August 11 Substack post, this time comparing the current period to 2005, right before the housing market crash. At the time, Goldman Sachs was holding a $3 billion complex mortgage investment — which looked like it would collapse soon after Burry made his famous short bet. But Goldman managed to sell its position and “the flood gates opened to 2006,” Burry wrote.
The investor also added to his Palantir puts expiring in March 2027 and December 2026. Strikes are in the low $100s. He also shorted more Palantir stock at $175 and increased his Caterpillar short at $844.
“Data center plans are already aging,” Burry wrote on Substack in relation to Caterpillar. The investor did not elaborate on that point but the Texas-based manufacturing and mining company has been racing to meet growing data center demands.
Burry’s short position in Oracle increased at $145. He also increased his short position in the iShares Semiconductor ETF, or SOXX, at $533, effectively broadening his bet against the semiconductor sector rather than relying solely on individual stock picks.
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Rinna Diamantakos is an assigning editor at Moneywise.com. A versatile journalist, she has experience as a writer, editor and producer. Her work has focused on politics, business and financial news.
