Micron Technology is trading 8.4% down at ARS 261,775.00 as DRAM peak fears and a Michael Burry short position weigh on the memory and AI chip sector.
- Investor sentiment has been hit by news that Michael Burry has taken a short position in the company.
- Competitive concerns are rising following China’s CXMT IPO, adding pressure to Micron and its memory-focused peers.
- Analysts are warning that DRAM prices may be nearing a peak, leading to a sharp selloff across the industry.