Prominent short seller Michael Burry said on Thursday he shorted Micron Technology at $1,051.87 and warned AI-related chip stocks could retrace about 30%. He said Micron's rally has reached historic extremes and that the company's valuation, technica

2026-07-03

Prominent short seller Michael Burry said on Thursday he shorted Micron Technology at $1,051.87 and warned AI-related chip stocks could retrace about 30%. He said Micron's rally has reached historic extremes and that the company's valuation, technical setup and long-term industry cycle point to material downside risk.