“Fundamentally, I am moving timelines up. As such, I want more leverage in my short positions. Better timelines make leverage more palatable... As of today, put options completely replaced my short positions. [Burry said weekend research left him believing] the bubble in AI may burst sooner than later [and that he is] more confident than ever before [that his thesis will] play out over the next year — moving up a previous 'base case' of 2028.”

Burry moved his AI-bust base case up from 2028 to 'over the next year' and swapped outright shorts for leveraged put positions expiring June–December 2027; resolvable by roughly end-September 2027.