According to CNBC, investor Michael Burry is shifting from short positions to put options on key artificial intelligence stocks, moving up the timeline for his bearish view on the AI boom. In his Monday investment newsletter, Burry said he wants more leverage in his short positions and cited cheaper options pricing tied to low volatility, while also saying some trades were aimed at reducing his tax liability. He swapped his Micron short for June-expiration puts with a $500 strike price range, replaced his Nebius short with June-expiration puts in the double-digit strike range, and changed his SOXX iShares Semiconductor ETF short into September 2027 puts in the low $400s. He also replaced and rolled his Palantir short and put position into a larger put position centered on a September 2027 expiration in the low $100s. Burry said the AI bubble may burst sooner than later and cited Ares Management research on the risks of relying on unproven AI revenues. He also referenced Acer CEO Jason Chen, who said Chinese production capacity in memory chips was increasing and that there was no shortage issue.