Michael Burry Adds Short Positions in Micron and NVIDIA; Samsung Executive Buys Stock

HuoXing Finance report: On July 31, here is a summary of key pre-market news in U.S. equities: 1. Michael Burry, the real-life inspiration for "The Big Short," has further increased his short position in Micron Technology (MU) at an average entry price of approximately $880; he has also continued to expand his short exposure to NVIDIA (NVDA) and increased his short position in the semiconductor ETF SOXX at an average price of around $506. 2. According to the Wall Street Journal, Tesla advisors have begun discussing a spin-off plan to separate its China operations, aiming to pave the way for a potential merger with SpaceX. Tesla China responded to reporters, calling the report "unfounded." 3. Leopold Aschenbrenner, known as the "AI Oracle," saw his hedge fund Situational Awareness suffer significant losses in July amid a sharp decline in AI stocks, with net asset value dropping by approximately 67%. As positions suffered heavy drawdowns, the fund was forced to sell most of its equity holdings to raise cash and meet margin calls from lenders. A substantial portion of these positions was acquired by Ken Griffin’s Citadel. Leopold stated that the fund will continue operations and remain active in public equity markets, learning from this loss. 4. Amazon’s cloud computing revenue rose 37% year-over-year to $42.2 billion in Q2, surpassing expectations; its stock rose over 10% in pre-market trading. The company expects capital expenditures of $200 billion this year, primarily for AI and data centers. 5. Apple reported its third fiscal quarter results: revenue reached $109.4 billion, exceeding expectations and up approximately 16% year-over-year. Strong sales of iPhone and Mac were offset by a lower-than-expected revenue guidance for Q4 due to memory shortages, along with underperforming revenue from China and services; its stock fell over 8% in pre-market trading. 6. Strategy reported a Q2 loss of $8.2 billion, compared to a profit of $10 billion in the same period last year. The loss was primarily driven by unrealized paper losses on its Bitcoin holdings. Strategy’s management has now explicitly prioritized restoring the price of STRC preferred shares to par value. 7. Kioxia posted a first-quarter net profit of ¥842.17 billion, compared to ¥18.28 billion in the same period last year, below the market estimate of ¥973.81 billion. The profit fell short of expectations, causing Kioxia’s ADR to drop nearly 6% in pre-market trading. 8. Shanghai Aishengna has been confirmed as the manufacturer of China’s first domestically developed immersion DUV chip manufacturing tool, with plans to produce approximately 5 units in 2026 and around 20 units in 2027, delivering them to SMIC, Hua Hong, and ChangXin. 9. Amid recent sharp volatility in Samsung Electronics’ stock price, Roh Tae-moon, President of Samsung Electronics’ DX Division and Co-CEO, purchased additional shares at a cost of approximately 7 billion Korean won. 10. On the 31st, South Korea’s Doosan Group Holding Company disclosed that it has signed a share purchase agreement with SK Group to acquire SK’s 70.6% stake in SK Siltron for 2.3 trillion Korean won.