Michael Burry has shorted Micron at $1,051 per share, warning AI chip stocks face a 30% correction as $500B in new capacity threatens to flood the market.

Michael Burry is shorting Micron (MU). See why the 'Big Short' investor calls the AI chipmaker a "capital destroyer" nearing bubble peaks.

Michael Burry shorts Micron at $1,051.87 per share and targets a 30%+ decline in semiconductor stocks, warning the AI rally mirrors the dot-com bubble.