Michael Burry Takes a Big Short Against Micron Stock (MU)

Michael Burry, conocido por “The Big Short,” has taken a direct short position against Micron Technology (MU), using a new Substack post to disclose the trade. Alongside the MU short, he reported long positions in PayPal (PYPL), Sprouts Farmers Market (SFM), Zoetis (ZTS), Fannie Mae (FNMA), and Freddie Mac (FMCC). Burry said he added to PayPal at $45.31, Sprouts Farmers Markets at $89.33, Zoetis at $74.80, Fannie Mae at $6.15, and Freddie Mac at $5.69. For the short, he entered MU at $1,051.87 per share, arguing the AI rally has pushed the stock into “bubble territory” and that options were too expensive to use puts. He also cited Micron’s cyclical DRAM model, weak long-term returns, and capital destruction. He referenced global chip spending, including South Korea’s $500 billion semiconductor plan, as a potential mismatch with real profitability, comparing today’s hype to the dot-com bubble.