Micron Technology is trading 8.8% down at $806.44 today following reports of an expanded short bet by Michael Burry and mounting fears surrounding a major Chinese memory-chip IPO.
- Investors are reacting to news that Michael Burry has increased his short position, intensifying a multi-day slide fueled by shifting market sentiment.
- The blockbuster IPO of Chinese memory maker ChangXin Memory Technologies is stoking concerns of future DRAM and NAND price pressure, triggering a broader selloff across the memory-chip sector.