MT Newswires Live07-03 14:35
Prominent short seller Michael Burry said on Thursday he shorted Micron Technology at $1,051.87 and warned AI-related chip stocks could retrace about 30%.
He said Micron's rally has reached historic extremes and that the company's valuation, technical setup and long-term industry cycle point to material downside risk.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.