QUICK SPARK: Michael Burry Adds to Micron, Palantir, Nebius, SOXX Shorts
Michael Burry increased his short positions in Micron, Nebius, SOXX and Palantir, while adding to five consumer and retail stocks.
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Filed: 2026-09-14 AccNo: 0001140361-26-036495 Size: 1 MB Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits
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Michael Burry increased his short positions in Micron, Nebius, SOXX and Palantir, while adding to five consumer and retail stocks.
MercadoLibre increased AI investments by approximately $80 million year-over-year in Q2 2026, with the technology delivering tangible returns across development and marketplace operations. AI-powered search improved conversion and click-through rates while offsetting third-party LLM costs, and the company achieved operating efficiencies with Product Development expenses declining to 7.2% of revenues despite higher AI spending. The stock trades at a premium valuation with a forward P/E of 37.18 and carries a Zacks Rank #3 (Hold) rating.
MercadoLibre's fintech segment Mercado Pago demonstrated strong growth in Q2 2026, with monthly active users surging 30% to 88 million, AUM jumping 68% to $23.2 billion, and total payment volume reaching $101 billion. The credit portfolio expanded 75% to $16.4 billion with stable asset quality. However, MELI stock trades at a premium valuation (P/E of 39.01) compared to industry peers, and recent earnings estimates have declined.