Michael Burry, the investor featured in "The Big Short," advised shorting semiconductor equipment manufacturers Applied Materials and Lam Research. He claims memory producers have reached unsustainable prices and expects a significant market correction.
Burry recently increased his short positions in Micron Technology and the iShares Semiconductor ETF (SOXX). He anticipates a memory chip oversupply as production ramps up, challenging the prevailing narrative of a prolonged shortage.
These moves reinforce Burry’s months-long bearish stance on the AI-driven semiconductor rally.