Michael Burry, the real-life counterpart of the protagonist in the movie 'The Big Short' and a US hedge fund manager, said he shorted Micron Technology, Inc. (MU.US) at USD1,051.87 per share. Overnight (2nd), Micron plunged 5.5% to USD975.56.
Burry said South Korea's announcement last week of a major semiconductor capital expenditure plan marked the beginning of a downcycle in the semiconductor industry. He expects the semiconductor industry to undergo a correction of about 30% and believes valuations of companies related to AI infrastructure have become grossly overvalued.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| SMIC (C) |
29889 |
105 (-) |
0.105 |
3.1 X |
| SMIC (C) |
26354 |
91.93 (-) |
0.148 |
4.3 X |
| SMIC (C) |
26591 |
83.93 (-) |
0.246 |
3.4 X |
| SMIC (P) |
29863 |
74 (-) |
0.145 |
1.9 X |
| SMIC (P) |
28871 |
62 (-) |
0.109 |
3.2 X |
| SMIC (Bull) |
60245 |
72.4 (73) |
0.054 |
14.4 X |
| SMIC (Bull) |
61517 |
69.4 (70) |
0.084 |
9.2 X |
| SMIC (Bear) |
62326 |
97.6 (97) |
0.177 |
4.4 X |
| SMIC (Bear) |
62695 |
95.6 (95) |
0.159 |
4.9 X |
| HUAHO (C) |
29095 |
200 (-) |
0.345 |
2.8 X |
| HUAHO (P) |
29890 |
108 (-) |
0.098 |
2.4 X |
| HUAHO (Bull) |
66852 |
163.2 (165) |
0.032 |
11.1 X |
| HUAHO (Bull) |
61755 |
148.2 (150) |
0.062 |
5.7 X |
| HUAHO (Bear) |
66844 |
231.8 (230) |
0.099 |
3.6 X |
| MU (C) |
11213 |
1,800 (-) |
1.760 |
3.0 X |
| MU (P) |
11114 |
400 (-) |
0.325 |
2.4 X |
| Nvidia (C) |
11185 |
275 (-) |
0.120 |
5.9 X |
| Nvidia (P) |
11090 |
168 (-) |
0.204 |
3.8 X |
| AMD (C) |
11214 |
700 (-) |
1.120 |
3.2 X |
| Broadcom (C) |
11128 |
380 (-) |
0.800 |
4.0 X |
| Broadcom (P) |
11129 |
280 (-) |
0.290 |
3.6 X |
