ChainThink report, July 3: According to Michael Burry, he shorted Micron Technology at $1,051.87 on Wednesday and added five additional short positions.
Earlier reports indicated that Burry has been further expanding his short exposure in the AI sector, with short positions now including Tesla, Applied Materials, Caterpillar, and the semiconductor ETF SOXX.
He continues to maintain a bearish stance on NVIDIA and is betting on SOXX's decline via put options.
Burry believes that South Korea's recent announcement of a large-scale investment plan for a chip cluster may mark the beginning of the end of the AI frenzy, questioning whether escalating capital expenditures will yield commensurate returns.
Disclaimer: Contains third-party opinions, does not constitute financial advice
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