You Hit Micron’s Bear Thesis Every Time ChatGPT Says ‘Start a New Chat.’ Burry’s MU Short Might Be Onto the Same Thing.

Michael Burry just disclosed a fresh short position again in Micron (MU) stock, claiming on social media that he added to his bearish bets on Micron and Nvidia (NVDA). Burry announced that he further shorted MU stock at $933.86.

In my previous coverage of Micron, I pointed out why MU stock was a sell strictly on the basis of risk control, not bad fundamentals. The stock has since been volatile and in a downward trend, but I also previously pointed out that the selloff won't last, precisely because the fundamentals are intact. However, it would be foolish to discount the market sentiment. Accordingly, I have continued to dig deeper as to what could possibly cause Micron to crash. In late July, I dismissed the UBS report that management could buy back nearly half the company, as that was an unrealistic expectation. Now, another thesis has emerged that could possibly prove short sellers like Burry right in the future.