Jim Cramer and Michael Burry Disagree on Micron Stock Outlook
Michael Burry, known for his role in The Big Short, has shifted from a short position to put options on Micron Technology (MU), betting the stock will fall below $500 by June 2027. His bearish stance is tied to concerns about an AI market bubble that could burst before next summer. In contrast, Jim Cramer warns against shorting Micron due to its transformation into a key player in AI infrastructure. Micron recently reported record fiscal Q4 results with $54.2 billion in revenue and adjusted EPS of $33.42 per share. The company also raised guidance for the next quarter, forecasting $61.5 billion in revenue and expects tighter memory supply-demand conditions through 2028. Cramer argues that investors are overlooking Micron's shift from a cyclical business to one driven by AI demand. Micron has secured significant customer agreements and has over $150 billion in remaining performance obligations, signaling strong future commitments. The company ended fiscal 2026 with substantial net cash but only repurchased a small portion of its stock.
Tickers: $MU
Topics: AI market Jim Cramer Michael Burry Micron Technology short selling