More software, empty chips! "The Big Short" buys Microsoft, shorts Nvidia

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The real-life inspiration for "The Big Short," well-known investor Michael Burry, is building a technology stock portfolio with opposing directions. On one hand, he is increasing his holdings in software stocks, while on the other hand, he is betting on the decline of the technology sector index and semiconductor sector through options.

According to a post by Burry himself on Substack, he bought Microsoft stock on Thursday and simultaneously increased his holdings in MSCI, PayPal, and Adobe, further expanding his long exposure to the software industry.

At the same time, he purchased put options on the Invesco QQQ Trust ETF for January 2027 and March 2027, as well as put options on Nvidia and the iShares Semiconductor ETF for January 2027, indicating his cautious attitude towards the medium-term outlook of the technology sector as a whole and the chip industry.

The above arrangement places long positions in software stocks alongside short positions in the Nasdaq index and the semiconductor sector, presenting a clear logic of sector rotation and hedging, which is of significant reference value for investors focusing on the technology industry.

Additionally, on April 10th, Michael Burry bought shares of JD.com and Alibaba.

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