Overview
- Burry disclosed a direct short of Micron at $1,051.87 in a Substack post that was reported Friday, and Micron shares fell about 5.5% on the disclosure.
- He said Micron’s return on invested capital and return on equity are poor and noted the company has suffered 34 drawdowns greater than 30% over 42 years to underline its extreme cyclicality.
- The Micron short is part of a broader 'AI short' basket that also names Nvidia, Applied Materials, Caterpillar, Tesla, and the iShares Semiconductor ETF (SOXX).
- In the same disclosure he added long stakes in PayPal, Sprouts Farmers Market, Zoetis, Fannie Mae, and Freddie Mac and said he skipped puts for now because option premiums were too high but might add them if volatility eases.
- Full position sizes remain unclear because Burry now posts trades on Substack after Scion deregistered, and he warned that massive planned chip spending such as South Korea’s >$500 billion program could create excess capacity that hurts industry returns and should be watched in upcoming filings and earnings guidance.