🔴 Micron Technology is trading 10.6% down today on DRAM price peak warnings and Michael Burry short

Micron Technology is trading 10.6% down at ARS 261,325 after a sharp sector-wide selloff in memory and AI-related chip stocks.

• Sentiment is pressured by China’s CXMT IPO increasing DRAM competition and a Credit Suisse note warning that DRAM prices may be peaking.
• Investors are also weighing mounting concerns over heavy AI infrastructure spending and news of Michael Burry’s expanded short position against the company and its peers.