“The Big Short” Burry Adds to His Short on Micron

资管舵 · 2026-09-23T10:22:32.000Z

“The Big Short” Burry disclosed on September 22 on Substack that he added to his shorts. The targets include Micron, Nebius, the iShares Semiconductor ETF, and Palantir. He said this time “the scale is quite large.” He cited a quote from Acer CEO Jason Chen: mainland storage chip output is rising, memory inventories are building up, and supply tightness may ease sooner. This will be even more apparent by the end of 2027. Burry’s logic is that the traditional memory shortage stems partly from production being redirected to HBM; now ordinary memory output is recovering. He is bearish on Nvidia and Palantir by the end of 2025. This June, he expanded into semiconductors and shorted Micron at around $1,051. Whether ChangXin and Yangtze Memory can keep expanding production to match demand is the deciding factor for this trade.

"大空头"伯里 9 月 22 日在 Substack 披露加码做空，标的包括美光、Nebius、iShares 半导体 ETF 和 Palantir，称这次"规模相当大"。
他引用宏碁 CEO 陈俊圣的话：大陆存储芯片产量在涨、内存库存在积累，供应紧张或提前缓解，2027 年底更明显。
伯里的逻辑是，传统内存短缺部分源于产能转做 HBM，如今普通内存产量在恢复。他 2025 年末就看空英伟达和 Palantir，今年 6 月扩到半导体，并以约 1051 美元做空美光。长鑫、长江存储还在扩产，产能追不追得上需求，是这笔交易的胜负手。