Michael Burry makes first-ever bet against longtime favorite stock

Michael Burry, the investor known for The Big Short, has reportedly initiated a bearish bet against Micron. This move represents the first time Burry has bet against a stock that was previously a longtime favorite. The action signals an intensification of his overall gloom surrounding the artificial intelligence trade, specifically targeting the memory-chip maker. Burry continues to express skepticism regarding the current trajectory of AI-related investments through this strategic financial position against Micron.