Michael Burry Bets Against the Memory Boom: These ETFs Could Be Exposed if He’s Right
Michael Burry is betting against the memory boom as Chinese supply rises. Here’s why some semiconductor ETFs could face risks if his thesis plays out.
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Michael Burry is betting against the memory boom as Chinese supply rises. Here’s why some semiconductor ETFs could face risks if his thesis plays out.
Michael Burry increased his short positions in Micron, Nebius, SOXX and Palantir, while adding to five consumer and retail stocks.
IREN Limited is diversifying its AI cloud customer base away from heavy dependence on Microsoft and NVIDIA by signing $2.8 billion in contracts with Prometheus, Perplexity, and Together AI in July 2026. The company is experiencing stronger contract economics with three-year pricing up 125% and five-year pricing up 70%, though it faces risks from early-stage customers and shorter contracts. With 2026 capacity largely sold out, IREN is targeting broader customer expansion for 2027-2028.