US Stock Market Move | "The Big Short" increases short positions in memory chip stocks; SK Hynix (SKHY.US) falls over 4%.

On Wednesday, SK Hynix (SKHY.US) opened lower and drifted down, falling over 4% as of press time, with a market capitalization of approximately $1.37 trillion. On the news front, "The Big Short" Michael Burry posted again, expressing clear doubts about the valuations of memory chip manufacturers and further increasing his short positions in memory chip stocks such as Micron Technology, Inc. He described the share prices of these companies as having "risen to absurd levels relative to their own fundamentals," and predicted that once the cycle reverses, the relevant stocks will face "severe selling." The core logic behind this judgment lies in changes on the supply side. Burry believes that the supply tightness in conventional DRAM over the past two years did not stem from a structural boom on the demand side, but rather from a supply-side "detour" Samsung, SK Hynix, and Micron shifted wafer capacity on a large scale toward high-bandwidth memory (HBM) needed for AI data centers, thereby squeezing the supply space for ordinary DDR5 and driving up prices for consumer-grade and server memory. As these production lines gradually switch capacity back to the conventional DRAM segment, the supply-demand gap he is betting on should narrow accordingly.