Micron Falls as Burry Expands Short and YMTC Tops It With 14% NAND Share
Updated
Updated · Yahoo Finance · Aug 13
Micron Falls as Burry Expands Short and YMTC Tops It With 14% NAND Share
3 articles · Updated · Yahoo Finance · Aug 13
Summary
Micron slipped in premarket trading after Michael Burry said he increased his short position around $924 and added to broader semiconductor bets.
The selloff also reflected rising Chinese memory competition that could curb the pricing boom supporting Micron's recent rally.
CXMT has become the world's fourth-largest DRAM maker, while YMTC captured more than 14% of global NAND sales in the second quarter, ahead of Micron's 13%.
Investors are now weighing whether strong AI-driven memory demand can last long enough to offset new supply pressure and Burry's warning that AI hardware valuations may be too rich.