Micron

Heads into Q4 FY2026 earnings with Wall Street modeling roughly 350% revenue growth to near $51B (from $11.31B a year earlier) and HBM output sold out through 2027, backed by roughly $100B in take-or-pay contracts and $22B in customer deposits and letters of credit.

Investor Michael Burry discloses short positions against Micron alongside Oracle and Nebius, framing the AI-infrastructure trade broadly as overextended.