Wait! Michael Burry Is Right About the Memory Boom Ending? This Analyst Says Yes

Rich Duprey

Mon, July 6, 2026 astatine 10:18 AM CDT 4 min read

Quick Read

• Bloomberg Intelligence's Shuli Ren argues the planetary representation shortage peaked successful Q2 2026 and could extremity into oversupply by 2028.

• OpenAI COO Brad Lightcap identified representation arsenic AI's biggest bottleneck, placing it supra GPUs successful priority, portion Intel CEO Lip-Bu Tan warned that shortages could persist until 2028.

• Samsung, SK Hynix, and Micron are each expanding accumulation aft grounds pricing, portion hyperscaler AI hardware request whitethorn normalize erstwhile archetypal buildouts complete.

• Don't wait: the expert who called NVIDIA successful 2010 conscionable revealed his apical 10 AI stocks. See the afloat database FREE now.

The AI infrastructure roar has rewritten the rules of the semiconductor industry. Over the past 18 months, representation chips transformed from commodity products into 1 of the world's astir invaluable bottlenecks. 

High-bandwidth representation (HBM), DRAM, and endeavor NAND became indispensable for Nvidia's (NASDAQ:NVDA) AI accelerators, sending representation manufacturers into 1 of their strongest upcycles successful years. Investors rewarded companies similar Micron Technology (NASDAQ:MU), Sandisk (NASDAQ:SNDK), and others with tremendous gains arsenic prices climbed 4th aft quarter. But each semiconductor roar yet collides with caller supply. 

Now 1 salient expert believes that infinitesimal has arrived -- and it happens to align with billionaire capitalist Michael Burry's contrarian stake against Micron.

Analyst Says the Shortage Already Peaked

Burry amazed galore investors aft revealing a sizable abbreviated presumption against Micron, betting the marketplace had go excessively optimistic astir representation demand. In my view, the commercialized looks premature. Micron repeatedly told investors during net calls that AI request remained unprecedented, portion manufacture reports showed HBM accumulation mostly committed done 2026.

Now Bloomberg Intelligence argues Burry whitethorn person been looking further up than astir investors.

According to Shuli Ren, a erstwhile concern banker, wrote an nonfiction for the concern probe work saying the planetary representation shortage apt peaked during the 2nd 4th of 2026. Her probe forecasts conditions easing done the 2nd fractional of 2026 and into 2027 earlier the manufacture perchance swings into oversupply by 2028. 

Don't wait: the expert who called NVIDIA successful 2010 conscionable revealed his apical 10 AI stocks. See the afloat database FREE now.

That would beryllium classical semiconductor economics -- precocious prices promote capableness expansion, which yet creates excessively overmuch proviso and falling margins. If representation pricing reverses, net estimates crossed the assemblage would apt follow.