Michael Burry Ramped Up His Bets Against Micron and the QQQ ETF. Is the ‘Big Short’ Investor Asking for Trouble?

Quick Read

• Burry pressed his MU abbreviated arsenic the banal soared 671% successful 2026 and rolled his QQQ ETF puts to June 2027, betting connected a larger marketplace fall.

• Burry covered his Tesla abbreviated for a summation but kept NVIDIA and Palantir puts, raising his portfolio's currency to 12%.

• With 40 of 45 analysts standing MU a Buy and a statement people of $1,502, Burry's contrarian abbreviated faces almighty headwinds.

• Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Micron Technology didn't marque the cut. Grab the names FREE today.

Michael Burry, the Scion Asset Management laminitis known for "The Big Short," is adding to his abbreviated publication contempt losses. In his Substack station "Trading Post August 13, 2026," Burry disclosed that helium pressed his stake against Micron Technology (NASDAQ:MU) arsenic the banal climbed toward $1,000, and rolled his puts connected the Invesco QQQ Trust (NASDAQ:QQQ) up successful onslaught and further retired successful time.

Burry stated that his extremity was "to trim gross exposure, and to escaped up immoderate cash, portion maintaining the abbreviated bias." He acknowledged being "roughly breakeven" connected his shorts, "but the concern is tipping into a nonaccomplishment presumption crossed the abbreviated portfolio arsenic the market, and definite stocks, rallied."

Moreover, Burry framed the repositioning arsenic mentation for a "larger fall" successful the market. Micron banal has soared 238% twelvemonth to date, putting the Burry squarely successful the way of the AI representation trade.

The Micron Short Gets Bigger

Micron shares are trading adjacent $966, up 671% implicit the past year. Micron's fiscal Q3 2026 gross deed $41.5 billion, up 346% twelvemonth implicit year, with a GAAP gross borderline of 84.6% and 7 consecutive EPS beats.

CEO Sanjay Mehrotra stated that "DRAM and NAND manufacture request continues to importantly transcend manufacture supply" and that Micron expects choky conditions to persist beyond calendar 2027. Micron guided Q4 FY2026 gross to $50 cardinal positive oregon minus $1 cardinal and non-GAAP EPS to $31 positive oregon minus $1.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Micron Technology didn't marque the cut. Grab the names FREE today.

The carnivore lawsuit has merit. Memory is historically cyclical, and Micron's Q4 capex is guided adjacent $10 billion. MU banal trades astatine a guardant P/E ratio of 5.55x, reflecting a marketplace pricing highest earnings, with a beta of 2.213.

The QQQ Roll and the Semiconductor Distinction

Burry rolled his January 2027 QQQ ETF puts struck successful the mid-to-high $500s into a June 2027 presumption struck successful the mid-to-high $600s, present 6% of his portfolio. QQQ shares, which way the NASDAQ 100 index, are up 19% twelvemonth to date, truthful the rotation resets a hedge that had gone against him.