"The Big Short" Michael Burry Targets Micron Technology for Short Selling at $1051.87

BlockBeats News, July 3rd, Michael Burry, the prototype of "The Big Short," today stated that he is shorting Micron Technology at $1051.87 on Wednesday. Despite its significant drop already, I feel I have a pretty good understanding of the ultimate outcome in these types of situations. He also added five more short positions.

Yesterday's report revealed that Michael Burry has recently expanded his short position in the AI sector, shorting targets including Tesla, Applied Materials, Caterpillar, and the semiconductor ETF SOXX, among others. Burry stated that South Korea's recent announcement of investing in a large-scale chip industry cluster is the "beginning of the end" of the AI frenzy and questioned whether the ongoing expansion of capital expenditures can bring corresponding returns. Burry continues to maintain a bearish view on Nvidia and has bet on a decline in SOXX through put options. He had previously predicted a significant pullback in the stock prices of Nvidia and Palantir Technologies in the coming years, believing that there is a bubble risk in the current valuation of the AI sector.