Published • loading... • Updated
NVIDIA Rises 2% Despite Michael Burry Adding to Chip Shorts; AMD Retreats 3%, Broadcom Slides 2%
Burry doubled Nasdaq 100 puts and trimmed a semiconductor ETF position as he warned chip valuations and earnings still have room to fall.
Summary by 24/7 Wall St.
4 Articles
4 Articles
NVIDIA Rises 2% Despite Michael Burry Adding to Chip Shorts; AMD Retreats 3%, Broadcom Slides 2%
Michael Burry is stepping up his push against chip stocks, and the name most exposed to that push is bouncing anyway. NVIDIA (NASDAQ:NVDA) stock is at $169.80, up 2% in morning trading. The bounce comes while the company absorbs a leadership shock and rising scrutiny in Washington. Over the past month, NVIDIA stock has fallen […]
·Lakewood, United States
Read Full Article
Michael Burry Doubles Down On Nasdaq 100 Puts, Adds To Semiconductor Shorts As Nvidia Faces Scrutiny
Michael Burry Doubles Down On Nasdaq 100 Puts, Adds To Semiconductor Shorts As Nvidia Faces Scrutiny He also bought back 25% of a previously reduced put position in the VanEck Semiconductor ETF (SMH) expiring in June. On the SMH, where Nvidia is the largest holding, he said valuations "still…
Coverage Details
Total News Sources4
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
To view factuality data please Upgrade to Premium
