TradingKey – Michael Burry recently posted on Substack stating that he has ramped up his short bets on Micron Technology (MU), Nebius (NBIS), iShares Semiconductor ETF (SOXX), and Palantir (PLTR), calling the bet “quite sizable.” His core bearish thesis on Micron is that the current memory shortage is mainly driven by capacity reallocation; once standard DRAM supply recovers, prices could come under pressure.

Samsung, SK Hynix, and Micron had previously shifted a portion of their capacity from traditional DRAM to High Bandwidth Memory (HBM) to meet AI data center demand, creating a tight supply of standard memory and supporting prices and margins. Burry believes this shortage does not equate to long-term booming demand for traditional…