Michael Burry has opened a short position in Micron Technology at $1,051.87 per share, arguing the chip stock's rally could be driven by fear of missing out, greater fool theory, and public commitment bias. He noted Micron has seen 34 drawdowns of more than 30% over the last 42 years and its shares are now more extended above their 200-day moving average than at any point since 1984, including the dot-com peak. Micron shares have risen more than 240% since the start of 2026, though the stock has slipped around 10% over the past month. Burry said Micron's puts looked expensive and he could look to add puts if the stock settles down and volatility eases, while also adding to existing long positions in PayPal, Sprouts Farmers Market, Zoetis, Fannie Mae, and Freddie Mac, after earlier disclosing short positions in Nvidia, Applied Materials, and the iShares Semiconductor ETF.
Freddie Mac
Fannie Mae
Applied Materials Inc
Micron Technology Inc
NVIDIA Corporation
PayPal Holdings Inc
Sprouts Farmers Market LLC
Zoetis Inc