Skip to content
All news
MarketMove

Michael Burry Discloses New Short on Micron, Adds to Chip Bets

Michael Burry, the Scion Asset Management founder famous from The Big Short, disclosed a new short position on Micron Technology (MU) in a July 2 Substack post, adding to his existing short bets on NVIDIA and Applied Materials (AMAT).

July 3, 2026
2 min read
Source: 24/7 Wall St.
Share:

Key Numbers

entry price
1,051.87

Michael Burry, the Scion Asset Management founder popularized in The Big Short, disclosed a new short position against Micron Technology (NASDAQ:MU) in a Substack post dated July 2. Burry stated that the puts “seemed expensive,” so he shorted the stock directly and would add puts if volatility eases. He identified his disclosed entry at $1,051.87.

Details of the Bet

In addition to Micron, Burry holds short positions on NVIDIA (NASDAQ:NVDA) and Applied Materials (NASDAQ:AMAT), indicating a bearish view on the semiconductor sector. He did not disclose the size of the positions.

Context

Burry's moves come at a time of high volatility in the chip sector, with concerns over slowing demand and elevated valuations. Burry is known for his successful bet against the housing market before the 2008 financial crisis.

What This Means for Investors

While Burry's bets may signal his concerns, they are not a recommendation to sell. Investors should consider each company's fundamentals and sector outlook before making decisions.

Frequently Asked Questions

Burry disclosed his entry at $1,051.87 per share.

Found this useful? Share it

Share:
This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.