Famous investor Michael Burry is doubling down on his bearish bets against some of the biggest beneficiaries of the artificial intelligence boom, arguing that today's historic memory-chip shortage could eventually give way to the familiar problem of too much supply for the semiconductor industry.
The investor made famous by his bet against the U.S. housing market before the 2007-2009 financial crisis said this week that he has increased short positions in Micron Technology, cloud computing company Nebius Group, Palantir Technologies and the iShares Semiconductor ETF, known by its ticker SOXX.
