Michael Burry shorts Micron at $1,051.87, expands bets on the AI sector

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Michael Burry shorts Micron at $1,051.87, citing on-chain trading signals. He added five new short positions targeting Tesla, Applied Materials, Caterpillar, and SOXX. Burry remains bearish on NVIDIA and SOXX, using put options. He questions whether South Korea’s chip cluster will shift the AI sector’s support and resistance levels. He warns that capital spending may not yield returns.

ChainThink reports that on July 3, Michael Burry stated he shorted Micron Technology at $1,051.87 on Wednesday and added five additional short positions.

Previous reports indicated that Burry has recently further expanded his short positions in the AI sector, with short targets including Tesla, Applied Materials, Caterpillar, and the semiconductor ETF SOXX.

He continues to maintain a bearish stance on NVIDIA and has bet against SOXX using put options.

Burry believes that South Korea's recent announcement of an investment plan to build a large-scale semiconductor cluster may mark the beginning of the end of the AI boom, and he questions whether continued increases in capital spending will yield corresponding returns.

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