Investor Michael Burry, known for “The Big Short,” says his bearish position on semiconductor stocks is proving profitable after a steep drop in July. According to reports, Burry targeted the iShares Semiconductor ETF (SOXX), which fell about 21% during the month. The accounts describe his trade as a wager against AI-related chip equities, aligning with his public comments about being positioned against parts of the semiconductor market. The outlets note that SOXX’s decline reflects broader weakness in the semiconductor sector rather than a single company’s results. While the reports focus on the ETF’s monthly performance and Burry’s role as the trade’s originator, they do not provide detailed figures on gains, timing of entry, or whether other positions or hedges were involved. Overall, the coverage centers on Burry’s claim that the market moved against AI chip stocks in a way that matches his earlier bearish stance, with the fund’s July drop cited as the key evidence.