🔴 Micron Technology is trading 6.5% down today as memory stocks slide and Michael Burry adds to short bet

Micron Technology is trading 6.5% down at $864.37 as memory-chip stocks face a sector-wide selloff following a powerful recent rally.

• The decline is being linked to widespread profit-taking across the DRAM space after significant gains in recent sessions.
• Bearish sentiment intensified following reports that prominent investor Michael Burry has expanded a short position against the company.
• The downward move occurs despite continued strong fundamentals within the AI-memory market.