Michael Burry Loses In S&P 500 & Nasdaq Investments, Hunts Opportunities In Semiconductors!

<p>&nbsp;Michael Burry, a familiar name in the investment world due to his wise actions predicting the collapse of the subprime mortgage market that led to the 2008 financial crisis.</p><p><br /></p><p>Recently, he announced that he would withdraw from continuing his bets on the S&amp;P 500 and Nasdaq 100 in this third quarter with a reported loss of around 40%.</p><p><br /></p><p>However, Burry found another short investment industry, semiconductors.</p><p><br /></p><p>According to Fund Protector Burry, Scion Capital disclosed that they have closed positions in the SPDR S&amp;P 500 ETF (SPY) and the Invesco QQQ Trust (QQQ) since late September.</p><p><br /></p><p><br /></p><p>The bet is seen as 'bearish', amounting to $1.6 billion on the last day of the second quarter. The index fell 3.6% and 3% in the third quarter.</p><p><br /></p><p>In addition, Burry's firm also reportedly placed bets on the semiconductor stock index formerly known as Priceline according to its quarterly 13-F filing.</p><p><br /></p><p>Although the bet this time is not as big as the previous batch, it still has a significant impact on the iShares Semiconductor ETF.</p><p><br /></p><p>Last Tuesday, Burry's filing showed the purchase of 2,500 shares of travel platform Booking Holdings Inc. BKNG, 1.74% and 100,00 shares of iShares Semiconductor ETF XSD.</p><p><br /></p><p>The semiconductor industry has been among the biggest beneficiaries of the boom in A.I. in this year. Nvidia Corp. NVDA has risen by 2.13% and is currently the largest traded US stock.</p>