On July 1, Michael Burry, the inspiration behind "The Big Short," disclosed bearish bets on the artificial intelligence and semiconductor sectors, stating he has shorted Tesla (TSLA.O) at around $416.22 per share as part of an assessment of an 'AI bubble.' He also established short positions on Nvidia (NVDA.O), Caterpillar, Applied Materials, and a semiconductor ETF, describing these trades as part of an overall hedging strategy against overheated valuations in AI and semiconductors. Burry did not disclose specific sizes, only indicating he entered the short position after a rebound in Tesla's stock. The market showed clear divergence in response, with related tech stocks generally rising during the trading session.