Renowned investor Michael Burry has initiated a short position against Micron Technology, citing ‘historically extreme’ stock valuations driven by AI hype and investor FOMO, not fundamentals. Despite a recent $250 million donation to a children’s savings scheme, Burry warns of significant downside due to the memory chipmaker’s cyclical nature and poor profitability metrics. This move aligns with his broader bearish outlook on AI semiconductor stocks.
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