Michael Burry, known for his role in the film "The Big Short," has announced a short position on Micron Technology at $1,051.87 per share. Burry cited overpriced put options and significant downside risks due to Micron's valuation, technical patterns, and long-term industry cycles. He highlighted that Micron's stock has experienced 34 declines of over 30% in the past 42 years, with its current deviation from the 200-day moving average being the highest since 1984. Burry criticized Micron's long-term profitability, noting a median return on invested capital of 4% and a median return on equity of 7%, which he described as poor. He attributed recent stock gains to FOMO and the greater fool theory rather than rational analysis. Burry has also disclosed short positions in Nvidia, Applied Materials, and the SOXX ETF, predicting a 30% correction in AI chip stocks. The Philadelphia Semiconductor Index fell 12% over two days, with Micron dropping 10.6% on Wednesday and another 5.5% on Thursday.