MU's memory pricing surge, AI-led demand and tighter supply fuel record profits, with margins projected to expand further in Q4.
Investor Michael Burry, best known for his successful bet against the US housing market portrayed in The Big Short, has reportedly opened a short position in Micron Technology (MU), arguing that the memory chip maker's recent rally has been driven by speculative enthusiasm rather than fundamentals. According to a post published on his Substack, Burry shorted Micron shares at $1,051.87 on July 1 while simultaneously adding to five existing long positions.
Michael Burry, widely known as ‘The Big Short' investor who predicted the 2008 housing market collapse, has opened a new short position in Micron (NASDAQ: MU).
Memory chips were once seen as an unglamorous business, but Micron is betting AI will change the game for good.
The ‘Big Short' investor has intensified his gloom around the artificial intelligence trade with a reported fresh bearish bet on memory-chip maker Micron
The memory-chip maker closed below $1,000 for the first time since June 12.
Micron Technologies has surged ~8x in a year, yet remains modestly valued at ~10.5x P/E based on current peak quarterly earnings. MU's current profitability and ROE are at historic highs, driven by extraordinary commodity-cycle margins amid a memory shortage. The valuation is not a bubble, but sustainability of current earnings is uncertain; mean reversion and potential oversupply are key risks.
United States President Donald Trump has confirmed that Micron Technology, Inc. (Nasdaq: MU) invested $250 million in the Trump Accounts, also known as 530A Accounts.
Sanjay Mehrotra sat with Jim Cramer on June 30, 2026 and said the quiet part out loud about the AI memory boom.
Memory and storage stocks are sliding again Thursday morning, extending a rare pullback for a group that has posted extraordinary gains through 2026.
Micron Technology (MU) shares extended their recent decline on Thursday, falling 4% after tumbling 10% in the previous session, as broader weakness across technology stocks continued to weigh on semiconductor names. The latest decline came despite public praise from President Donald Trump and a bullish outlook from Mizuho Securities, highlighting how investors remained focused on the broader selloff in high-growth technology stocks.
Micron (NASDAQ: MU) stock saw its biggest insider trade of 2026 when, on June 26, CEO Sanjay Mehrotra sold 4,000 MU shares, raising a total of just over $46 million.