Woofun AI reports that Michael Burry, known for his role in 'The Big Short,' disclosed a short position in Micron Technology at $1051.87 on Wednesday. He simultaneously added five additional short positions to his portfolio.

Burry stated that South Korea's recent announcement regarding large-scale chip industry cluster investments marks the 'beginning of the end' for the AI frenzy. He questioned whether ongoing capital expenditure expansion can yield corresponding returns. Burry maintains a bearish stance on Nvidia and holds put options on the SOXX semiconductor ETF. He previously predicted significant pullbacks for Nvidia and Palantir Technologies, citing bubble risks in current AI sector valuations.