Trump to Make Major Announcement at 3 a.m. Tomorrow
Jinse Finance reported that the White House announced: U.S. President Trump will chair a Cabinet meeting at 11:30 a.m. Eastern Time on Tuesday (0:30 the next day Beijing time); and will issue an announcement at 2:00 p.m. (3:00 a.m. the next day Beijing time).
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Michael Burry has dramatically increased his short positions on Micron, Palantir, and semiconductor ETFs, stating that the scale is “quite large.” His main reasoning is that Samsung, SK Hynix, and Micron squeezed their conventional DRAM production to meet AI-driven HBM demand, resulting in a shortage; however, with production capacity now ramping up, the Damocles sword of oversupply is hanging over the market. The inventory warning from Acer’s CEO has further convinced him that the memory cycle has already peaked.
