Michael Burry Increases Short Position Against Micron Technology
Michael Burry has increased his short position against semiconductor company Micron Technology (MU), adding to a bearish stance he has been building in the sector. On July 24, 2026, Burry disclosed on his Substack that he sold additional shares of MU at $933.86 and also added to shorts in Nvidia (NVDA) while maintaining positions against Tesla and Palantir. The move is part of a broader bearish thesis targeting the semiconductor industry. Burry's argument centers around what he calls a 'circular demand' for AI-related semiconductors, where much of the current demand appears to be driven by off-balance-sheet financing rather than end-user consumption. He suggests that this creates an unsustainable cycle which could collapse when real-world adoption fails to meet expectations. Despite Burry's bearish stance, Micron recently reported record Q3 fiscal 2026 results with $41.46 billion in revenue and strong guidance for the next quarter. The stock has been a top performer this year but fell nearly 7% on July 24.
Topics: Caterpillar (CAT) Michael Burry Micron Technology (MU) Nvidia (NVDA) semiconductors