"The Big Short" Michael Burry: Has increased short positions in Micron and other tech stocks, forecasting a memory chip supply-demand reversal within the next two years.

TechFlow reports that on September 24, according to CNBC, Michael Burry, the inspiration for "The Big Short," stated that the current structural shortage of memory chips is temporary. He expects that as capacity catches up with demand over the next two years, the memory industry will reenter a downturn cycle.

Burry revealed that he is increasing his put positions on Micron, Nebius, the SOXX Semiconductor ETF, and Palantir, and will continue to hold the related put options. He also noted that the Nasdaq 100 index is currently "overvalued and too heavily concentrated."