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Burry Shorts Micron Amid AI Hype | Durham News
Michael Burry, the hedge fund manager who famously predicted the 2008 housing crash, is now betting against Micron Technology—shorting its shares after the stock surged nearly 1,000% in three years. Burry argues Micron is a volatile, overhyped cyclical stock trading far above its 200-day average, with terrible profitability metrics. He dismisses the AI hype around Micron’s memory chips. But Micron’s latest earnings tell a different story: record revenue, soaring margins, and massive cash flow. Burry’s bet hinges on timing—believing the AI boom and chip shortage won’t last—and that history…
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