Michael Burry Warns of AI 'Mass Addiction', Shorts Micron

Famed investor Michael Burry has issued a stark warning on the trajectory of artificial intelligence development, labeling the market's enthusiasm as 'mass addiction' that 'may die a death by a thousand cuts.' In a post on his Substack, Burry wrote 'The end is nigh' and quoted the Joker from Tim Burton's Batman: 'Dancing with the devil in the pale moonlight.'

Details of the Warning

Burry suggested that the excessive optimism surrounding AI could lead to a gradual decline, comparing the current situation to an addiction that cannot be sustained. He added that the market might face a 'death by a thousand cuts' rather than a sudden crash.

Investment Actions

Burry revealed that he shorted shares of Micron Technology (MU) on July 1, 2026, at a price of $1,051.87 per share. Micron is a key beneficiary of the AI boom, providing memory chips essential for AI applications.

Context

Burry's warning comes at a time when technology stocks linked to AI have seen significant gains, raising concerns among some investors about a potential bubble. Micron has not commented on Burry's remarks.

What This Means for Investors

Burry's statements carry a cautionary tone but do not constitute investment advice. Investors should assess risks based on their own analysis, keeping in mind that Burry is known for his contrarian views.