The Dow Jones Index opened up by 132.74 points at 47,422.07 points.
ChainCatcher News, according to Golden Ten Data, on December 2 (Tuesday), the Dow Jones Index opened up by 132.74 points, an increase of 0.28%, at 47,422.07 points; the S&P 500 Index opened up by 19.1 points, an increase of 0.28%, at 6,831.73 points; and the Nasdaq Composite Index opened up by 94.9 points, an increase of 0.41%, at 23,370.82 points.
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Big short Burry increases short positions on Micron and Nebius, with the logic that "memory supply surge will put downward pressure on prices"
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.
