Michael Burry Sees Trouble Ahead for Micron, Takes Short Position on MU
The post Michael Burry Sees Trouble Ahead for Micron, Takes Short Position on MU appeared on BitcoinEthereumNews.com. Key highlights: Michael Burry disclosed a new short position in Micron Technology He said the stock’s run is driven by FOMO The chipmaker recently reported record revenue and strong AI demand Michael Burry, the investor made famous by The Big Short, has taken an interesting bet against one of the hottest names in the AI space. Burry recently revealed that he has opened a short position on Micron stock. This comes even as the memory-chip maker saw record financial results and benefited from the AI demand. His move came as a surprise to many investors, considering the fact that the company has been one of the strongest performers in the semiconductor sector this year. Micron’s incredible run is a concern for Burry In a Substack post, Burry said the MU stock rally was being driven by “fear of missing out.” He also called it the “greater fool theory.” According to him, Mi