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Michael Burry Increases Shorts on Micron, Palantir, Nebius and Semiconductor ETF

He says rising memory production could push chip prices lower and weaken high‑valuation AI and memory names if new supply proves durable.

Overview

  • Citing a September 22 Substack post, Burry said he added short positions “in some size” in Micron, Nebius, Palantir and the iShares Semiconductor ETF and called out heavy Nasdaq 100 concentration.
  • Burry’s thesis rests on rising memory output outpacing demand, a view he supports with industry comments from Acer’s CEO that DDR4 shows oversupply while some high‑end parts remain tight.
  • He flagged a report that China’s CXMT reached DDR5 yields above 90% and said that claim would strengthen his case if independently verified, but coverage describes that signal as unconfirmed.
  • Markets split on the news: Palantir traded higher after the disclosure, Nebius fell, Micron moved little and the semiconductor ETF slipped, showing investors are divided about whether AI demand can absorb new capacity.
  • Burry also bought value‑oriented long positions in QXO, Build‑A‑Bear, Sprouts, Birkenstock and MercadoLibre, and observers say the trade will hinge on memory supply verification and whether AI demand keeps growing.