"Top of a Boom," Says Michael Burry as He Doubles Down on Shorts in Nebius, Micron, and Oracle Stocks
Tip Ranks·- Investor Michael Burry has increased his bearish short positions in Nebius, Micron, Oracle, and the semiconductor ETF SOXX. - Burry highlighted Nebius as a sign of a market boom top, pointing out extreme pricing disparities for short-term AI compute capacity and questioning rapid hardware depreciation. - Despite Burry's warnings, Wall Street maintains favorable consensus ratings for Micron and Oracle with significant implied upside, contrasting with Nebius's potential downside.Pre-market hot trades in US stocks: Oracle up 4.39% in pre-market; Micron Tech up 4.38% in pre-market
Price Alert·- Oracle shares rose 4.39 % in pre - market trading, driven by cost - cutting plans, a quantum computing partnership, and favorable analyst ratings. - Micron Technology gained 4.38 % before the bell, supported by strong AI - driven memory chip demand projected to last beyond 2027 and positive analyst outlooks. - Rocky Mountain Chocolate Factory surged 149.81 % in pre - market trading after disclosing potential acquisition interest from third parties during a strategic review.