Famous "big short" Michael Burry has made another move, announcing on July 2nd that he established a short position in Micron Technology at a price of $1051.87 per share, citing that the stock's valuation and technical indicators have reached extreme historical levels, and the AI-driven rally faces the risk of a cyclical correction. At the same time, Burry also disclosed his long positions in stocks such as PayPal, Sprouts Farmers Market, Zoetis, Fannie Mae, and Freddie Mac. Establishing a short position in Micron Technology

Michael Burry, who became famous for successfully shorting the US subprime mortgage market before the 2008 financial crisis, has recently escalated his actions against AI.

Following his post on Tuesday announcing short positions in companies like Tesla, Nvidia, and Applied Materials, Burry published a post on his Substack platform on Thursday, announcing that he had established a short position in Micron Technology at $1051.87 per share. Regarding directly shorting the stock instead of buying put options, Burry stated that it was mainly because put options appeared too expensive.