He doesn't understand the diff

He doesn't understand the difference between DRAM and HBM. DRAM prices should never be that expensive in the first place, but HBM is another story. SK Hynix challenges HBM and won't be affected By DRAM pricing.

'Big Short' Burry Adds to Shorts on Micron, Nebius, SOXX, PLTR, Citing Rising Memory Supply to Push Prices Lower

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WayBear
09-23 21:58
WayBear
So I don’t know if you know this but what is HBM made from… I would say an oversupply of DRAM DIRECTLY AFFECTS THE PRICE OF HBM. Oversupply means an ability for hbm manufactures to produce more HBM and meet AI demand, that’s what he’s betting on.

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SK Hynix challenges HBM and won't be affected By DRAM pricing.</body></html>","htmlText":"<html><head></head><body>He doesn't understand the difference between DRAM and HBM. DRAM prices should never be that expensive in the first place, but HBM is another story. SK Hynix challenges HBM and won't be affected By DRAM pricing.</body></html>","text":"He doesn't understand the difference between DRAM and HBM. DRAM prices should never be that expensive in the first place, but HBM is another story. SK Hynix challenges HBM and won't be affected By DRAM pricing.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/610780961542416","repostId":1100850675,"repostType":2,"repost":{"id":"1100850675","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1790133361,"share":"https://ttm.financial/m/news/1100850675?lang=en_US&edition=fundamental","pubTime":"2026-09-23 11:16","market":"us","language":"en","title":"'Big Short' Burry Adds to Shorts on Micron, Nebius, SOXX, PLTR, Citing Rising Memory Supply to Push Prices Lower","url":"https://stock-news.laohu8.com/highlight/detail?id=1100850675","media":"Deep News","summary":"Renowned investor Michael Burry has dramatically escalated his bearish positioning against the semiconductor sector, doubling down on the conviction that the memory market's supply-demand dynamics...","content":"<html><head></head><body>Renowned investor Michael Burry has dramatically escalated his bearish positioning against the semiconductor sector, doubling down on the conviction that the memory market&#39;s supply-demand dynamics are about to flip decisively. In a recent Substack post, Burry revealed he has significantly expanded short positions against <a href=\"https://laohu8.com/S/MU\">Micron Technology</a>, AI infrastructure firm <a href=\"https://laohu8.com/S/NBIS\">NEBIUS</a>, the <a href=\"https://laohu8.com/S/SOXX\">iShares Semiconductor ETF</a>, and <a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a>, describing the move as &#34;quite substantial&#34; in scale. The immediate catalyst for this action was a public warning from Acer CEO Jason Chen, who cautioned that memory inventories are already accumulating, with fresh supply from multiple regions poised to hit the market and put downward pressure on prices by late 2027. Despite the bearish thesis, semiconductor stocks rallied on the day of the disclosure—Micron Technology climbed over 2% intraday, the SOXX ETF gained roughly 1.5%, and both Nebius and Palantir edged higher. While this short-term price action puts pressure on Burry&#39;s positions, he noted that the Acer CEO&#39;s comments &#34;align with what I believe to be true.&#34;<img src=\"https://community-static.tradeup.com/news/f4e3824c537ccbfc618ae116e301c891\" data-align=\"center\" data-image-type=\"kline\" tg-width=\"560\" tg-height=\"240\"/><img src=\"https://community-static.tradeup.com/news/4ddc63ffe6f959ada760e557e707e67f\" data-align=\"center\" data-image-type=\"kline\" tg-width=\"560\" tg-height=\"240\"/>The Bear Case: AI Drives HBM Demand, But Conventional Memory Supply Is Rebounding Burry&#39;s core argument centers on the premise that the recent memory shortage was not a structural demand boom, but rather a temporary supply-side dislocation. He explained that major manufacturers like Samsung, SK Hynix, and Micron Technology diverted substantial production capacity from traditional DRAM to high-bandwidth memory (HBM) to satisfy the voracious appetite of AI data centers, thereby creating tightness in conventional memory supply. However, as these manufacturers restore conventional memory output and new capacity comes online across multiple geographies, Burry believes &#34;normal DRAM&#34; production is now rebounding. This means the supply-demand gap will gradually narrow, ultimately exerting downward pressure on prices. Acer CEO Jason Chen&#39;s remarks provide fresh validation for this thesis. In an interview, Chen pointed out that memory inventories are already building up, with suppliers from various regions releasing more capacity into the market—challenging the mainstream expectation that shortages will persist for years. Burry, citing the interview, wrote that while interpreting this signal is &#34;fraught with uncertainty,&#34; its direction aligns with his own assessment. Short Strategy: From NVIDIA to Micron, The Bearish Footprint Keeps Expanding Burry&#39;s bearish positioning on semiconductors did not materialize overnight. Disclosures show his firm Scion Asset Management had already established substantial put option positions on NVIDIA and Palantir Technologies Inc. during the third quarter of 2025, shortly before the fund was shuttered. Entering 2026, Burry continued and expanded this trade in his personal capacity. In late June 2026, he initiated shorts against NVIDIA, Applied Materials, and the iShares Semiconductor ETF, rolling the SOXX put options out to March 2027. Two days later, he added Micron Technology to his short book, establishing a direct short position at roughly $1,051 per share. He explained the decision to short the stock outright rather than buy puts was driven by the prohibitive cost of Micron Technology&#39;s option premiums. This latest escalation builds on those foundations, signaling that Burry&#39;s conviction in an impending memory cycle peak is growing stronger. Retail Sentiment Stands in Direct Opposition to Burry&#39;s Thesis The immediate market reaction suggests retail investors are not buying Burry&#39;s bearish narrative. According to Stocktwits data, retail sentiment for Micron Technology and the SOXX ETF was firmly in &#34;bullish&#34; territory on the day of Burry&#39;s disclosure. Sentiment for Nebius also leaned positive, while only Palantir Technologies Inc. showed a bearish retail reading. This divergence highlights the prevailing optimism surrounding AI-related semiconductor stocks, which stands in stark contrast to Burry&#39;s bet on oversupply and falling prices. For investors, the pivotal question remains: when will semiconductor capacity expansion truly catch up with demand—the very variable upon which Burry&#39;s entire trade hinges.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>'Big Short' Burry Adds to Shorts on Micron, Nebius, SOXX, PLTR, Citing Rising Memory Supply to Push Prices Lower</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n'Big Short' Burry Adds to Shorts on Micron, Nebius, SOXX, PLTR, Citing Rising Memory Supply to Push Prices Lower\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nDeep News \n2026-09-23 11:16\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>Renowned investor Michael Burry has dramatically escalated his bearish positioning against the semiconductor sector, doubling down on the conviction that the memory market&#39;s supply-demand dynamics are about to flip decisively. In a recent Substack post, Burry revealed he has significantly expanded short positions against <a href=\"https://laohu8.com/S/MU\">Micron Technology</a>, AI infrastructure firm <a href=\"https://laohu8.com/S/NBIS\">NEBIUS</a>, the <a href=\"https://laohu8.com/S/SOXX\">iShares Semiconductor ETF</a>, and <a href=\"https://laohu8.com/S/PLTR\">Palantir Technologies Inc.</a>, describing the move as &#34;quite substantial&#34; in scale. The immediate catalyst for this action was a public warning from Acer CEO Jason Chen, who cautioned that memory inventories are already accumulating, with fresh supply from multiple regions poised to hit the market and put downward pressure on prices by late 2027. Despite the bearish thesis, semiconductor stocks rallied on the day of the disclosure—Micron Technology climbed over 2% intraday, the SOXX ETF gained roughly 1.5%, and both Nebius and Palantir edged higher. While this short-term price action puts pressure on Burry&#39;s positions, he noted that the Acer CEO&#39;s comments &#34;align with what I believe to be true.&#34;<img src=\"https://community-static.tradeup.com/news/f4e3824c537ccbfc618ae116e301c891\" data-align=\"center\" data-image-type=\"kline\" tg-width=\"560\" tg-height=\"240\"/><img src=\"https://community-static.tradeup.com/news/4ddc63ffe6f959ada760e557e707e67f\" data-align=\"center\" data-image-type=\"kline\" tg-width=\"560\" tg-height=\"240\"/>The Bear Case: AI Drives HBM Demand, But Conventional Memory Supply Is Rebounding Burry&#39;s core argument centers on the premise that the recent memory shortage was not a structural demand boom, but rather a temporary supply-side dislocation. He explained that major manufacturers like Samsung, SK Hynix, and Micron Technology diverted substantial production capacity from traditional DRAM to high-bandwidth memory (HBM) to satisfy the voracious appetite of AI data centers, thereby creating tightness in conventional memory supply. However, as these manufacturers restore conventional memory output and new capacity comes online across multiple geographies, Burry believes &#34;normal DRAM&#34; production is now rebounding. This means the supply-demand gap will gradually narrow, ultimately exerting downward pressure on prices. Acer CEO Jason Chen&#39;s remarks provide fresh validation for this thesis. In an interview, Chen pointed out that memory inventories are already building up, with suppliers from various regions releasing more capacity into the market—challenging the mainstream expectation that shortages will persist for years. Burry, citing the interview, wrote that while interpreting this signal is &#34;fraught with uncertainty,&#34; its direction aligns with his own assessment. Short Strategy: From NVIDIA to Micron, The Bearish Footprint Keeps Expanding Burry&#39;s bearish positioning on semiconductors did not materialize overnight. Disclosures show his firm Scion Asset Management had already established substantial put option positions on NVIDIA and Palantir Technologies Inc. during the third quarter of 2025, shortly before the fund was shuttered. Entering 2026, Burry continued and expanded this trade in his personal capacity. In late June 2026, he initiated shorts against NVIDIA, Applied Materials, and the iShares Semiconductor ETF, rolling the SOXX put options out to March 2027. Two days later, he added Micron Technology to his short book, establishing a direct short position at roughly $1,051 per share. He explained the decision to short the stock outright rather than buy puts was driven by the prohibitive cost of Micron Technology&#39;s option premiums. This latest escalation builds on those foundations, signaling that Burry&#39;s conviction in an impending memory cycle peak is growing stronger. Retail Sentiment Stands in Direct Opposition to Burry&#39;s Thesis The immediate market reaction suggests retail investors are not buying Burry&#39;s bearish narrative. According to Stocktwits data, retail sentiment for Micron Technology and the SOXX ETF was firmly in &#34;bullish&#34; territory on the day of Burry&#39;s disclosure. Sentiment for Nebius also leaned positive, while only Palantir Technologies Inc. showed a bearish retail reading. This divergence highlights the prevailing optimism surrounding AI-related semiconductor stocks, which stands in stark contrast to Burry&#39;s bet on oversupply and falling prices. For investors, the pivotal question remains: when will semiconductor capacity expansion truly catch up with demand—the very variable upon which Burry&#39;s entire trade hinges.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100850675","content_text":"Renowned investor Michael Burry has dramatically escalated his bearish positioning against the semiconductor sector, doubling down on the conviction that the memory market's supply-demand dynamics are about to flip decisively.In a recent Substack post, Burry revealed he has significantly expanded short positions against Micron Technology, AI infrastructure firm NEBIUS, the iShares Semiconductor ETF, and Palantir Technologies Inc., describing the move as \"quite substantial\" in scale. The immediate catalyst for this action was a public warning from Acer CEO Jason Chen, who cautioned that memory inventories are already accumulating, with fresh supply from multiple regions poised to hit the market and put downward pressure on prices by late 2027.Despite the bearish thesis, semiconductor stocks rallied on the day of the disclosure—Micron Technology climbed over 2% intraday, the SOXX ETF gained roughly 1.5%, and both Nebius and Palantir edged higher. While this short-term price action puts pressure on Burry's positions, he noted that the Acer CEO's comments \"align with what I believe to be true.\"The Bear Case: AI Drives HBM Demand, But Conventional Memory Supply Is ReboundingBurry's core argument centers on the premise that the recent memory shortage was not a structural demand boom, but rather a temporary supply-side dislocation. He explained that major manufacturers like Samsung, SK Hynix, and Micron Technology diverted substantial production capacity from traditional DRAM to high-bandwidth memory (HBM) to satisfy the voracious appetite of AI data centers, thereby creating tightness in conventional memory supply.However, as these manufacturers restore conventional memory output and new capacity comes online across multiple geographies, Burry believes \"normal DRAM\" production is now rebounding. This means the supply-demand gap will gradually narrow, ultimately exerting downward pressure on prices.Acer CEO Jason Chen's remarks provide fresh validation for this thesis. In an interview, Chen pointed out that memory inventories are already building up, with suppliers from various regions releasing more capacity into the market—challenging the mainstream expectation that shortages will persist for years. Burry, citing the interview, wrote that while interpreting this signal is \"fraught with uncertainty,\" its direction aligns with his own assessment.Short Strategy: From NVIDIA to Micron, The Bearish Footprint Keeps ExpandingBurry's bearish positioning on semiconductors did not materialize overnight. Disclosures show his firm Scion Asset Management had already established substantial put option positions on NVIDIA and Palantir Technologies Inc. during the third quarter of 2025, shortly before the fund was shuttered.Entering 2026, Burry continued and expanded this trade in his personal capacity. In late June 2026, he initiated shorts against NVIDIA, Applied Materials, and the iShares Semiconductor ETF, rolling the SOXX put options out to March 2027. Two days later, he added Micron Technology to his short book, establishing a direct short position at roughly $1,051 per share. He explained the decision to short the stock outright rather than buy puts was driven by the prohibitive cost of Micron Technology's option premiums.This latest escalation builds on those foundations, signaling that Burry's conviction in an impending memory cycle peak is growing stronger.Retail Sentiment Stands in Direct Opposition to Burry's ThesisThe immediate market reaction suggests retail investors are not buying Burry's bearish narrative. According to Stocktwits data, retail sentiment for Micron Technology and the SOXX ETF was firmly in \"bullish\" territory on the day of Burry's disclosure. Sentiment for Nebius also leaned positive, while only Palantir Technologies Inc. showed a bearish retail reading.This divergence highlights the prevailing optimism surrounding AI-related semiconductor stocks, which stands in stark contrast to Burry's bet on oversupply and falling prices. For investors, the pivotal question remains: when will semiconductor capacity expansion truly catch up with demand—the very variable upon which Burry's entire trade hinges.","news_type":1,"symbols_score_info":{"MU":2,"NBIZ":0.6,"PLTD":0.6,"PLTA":0.6,"SOXX":2,"NBIC":0.6,"PLTR":2,"NBIG":0.6,"PLTI":0.6,"PLOO":0.6,"PLTZ":0.6,"PLTG":0.6,"NBIS":2,"PTIR":0.6,"PLTW":0.6,"PLTL":0.6,"PLTU":0.6,"NBIL":0.6,"NEBX":0.6,"PLYY":0.6,"PLTY":0.6}},"isVote":1,"tweetType":1,"viewCount":98,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":175,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":610928555558344,"commentId":"610928555558344","gmtCreate":1790171917026,"gmtModify":1790172198986,"authorId":4191477287527372,"author":{"id":4191477287527372,"idStr":"4191477287527372","authorId":4191477287527372,"name":"WayBear","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.02.21","exceedPercentage":"60.40%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectEnabled":0,"wearingSort":0},"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[{"categoryType":1100,"badgeId":"972123088c9646f7b6091ae0662215be-1","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","isScarce":0,"effectEnabled":0,"redirectLinkEnabled":0,"redirectLinkValidityFrom":0,"redirectLinkValidityTo":9223372036854776000,"sortingWeight":0,"wearable":0}]},"repliedAuthorId":0,"objectId":610780961542416,"objectIdStr":"610780961542416","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"So I don’t know if you know this but what is HBM made from… I would say an oversupply of DRAM DIRECTLY AFFECTS THE PRICE OF HBM. Oversupply means an ability for hbm manufactures to produce more HBM and meet AI demand, that’s what he’s betting on.","text":"So I don’t know if you know this but what is HBM made from… I would say an oversupply of DRAM DIRECTLY AFFECTS THE PRICE OF HBM. Oversupply means an ability for hbm manufactures to produce more HBM and meet AI demand, that’s what he’s betting on.","html":"So I don’t know if you know this but what is HBM made from… I would say an oversupply of DRAM DIRECTLY AFFECTS THE PRICE OF HBM. Oversupply means an ability for hbm manufactures to produce more HBM and meet AI demand, that’s what he’s betting on.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/610780961542416"}