Michael Burry increased his bearish bets Tuesday on several tech and semiconductor names while adding to long positions in a handful of consumer and retail stocks.
According to the Michael Burry Stock Tracker X account, his latest portfolio update shows added short exposure to:
- Micron Technology (NASDAQ:MU)
- Nebius Group N.V. (NASDAQ:NBIS)
- iShares Semiconductor ETF (NASDAQ:SOXX)
- Palantir Technologies (NASDAQ:PLTR)
Burry also said that he added more shares of:
- QXO (NYSE:QXO)
- Build-A-Bear Workshop (NYSE:BBW)
- Sprouts Farmers Market (NASDAQ:SFM)
- Birkenstock Holding plc (NYSE:BIRK)
- MercadoLibre Inc. (NASDAQ:MELI)
The account reported that Burry said, “I find the prices offered by the market rather attractive. All these positions are full positions for me now,” per his Substack.
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Micron’s Upcoming Earnings Report
- Micron is set to report its fourth-quarter earnings on Sept. 30. In a Sunday note, analysts highlighted that the company has traded sideways since July, aligning with other memory chipmakers.
- In a Tuesday note, analysts forecast Micron’s earnings per share to surge to $31.30 from $3.03, with revenue expected to reach $50.62 billion.
- Micron has been expanding its U.S. production capabilities, building advanced memory fabrication plants in Idaho and New York, according to a Friday update.
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