Michael Burry increases short positions on Micron and other tech stocks

Michael Burry, known for his role in The Big Short, stated that the current structural shortage in memory chips is temporary and expects the industry to enter a downturn within two years as supply catches up with demand. Burry reported increasing his bearish positions on Micron (MU), Nebius, the SOXX semiconductor ETF, and Palantir, while also characterizing the Nasdaq 100 index as overvalued and overly concentrated.