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247wallst.comOCT 22 min read$MU

Cramer Says If You Are Shorting Micron You Are “Digging Your Own Grave” After Michael Burry Announces New Bet Against Company

Micron Technology (MU) is at the center of a debate between Michael Burry and Jim Cramer. Burry has taken a bearish stance with put options expiring in June 2027, betting on a significant stock decline. Cramer, however, is bullish, citing Micron's strong earnings, strategic customer agreements, and planned buybacks. Micron reported Q4 revenue of $54.23B, beating estimates, and guided Q1 revenue at $61.5B. The stock trades at about 7x forward earnings with an analyst target of $1,533.80.

Original reporting
247wallst.com
Published Oct 2, 2026, 3:18 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 2, 2026, 3:19 PM UTC. Informational, not investment advice.
How this was made
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Cramer Says If You Are Shorting Micron You Are “Digging Your Own Grave” After Michael Burry Announces New Bet Against Company — source image
Source · 247wallst.com
Decision brief

The 30-second read

$MUBullishHigh
01

Why it matters

The earnings beat and buyback announcement provide a fresh bullish catalyst, while a notable short‑put position adds a contrarian risk.

02

Market read

Micron's strong earnings and buyback plan could drive short‑term upside in the memory market.

03

What to watch

Supply‑chain constraints and HBM pricing for 2027 could limit upside despite the buyback.

Relevance 8/10Novelty 8/10Timing: today

Background

Micron's Q4 results and upcoming buyback were disclosed for the first time, with commentary from CEO and CFO.

Company-level read

Ticker impact

$MUBullishHigh confidence
Context

Micron reported Q4 earnings beat, strong margin guidance and announced a December buyback, providing fresh material for traders.

Expected impact

likely upward pressure as the market prices in the buyback and strong earnings, though volatility may increase due to Burry's short puts.

Evidence & confidence

The combination of record cash, new buyback authorization and guidance above expectations is a bullish catalyst; Burry's bet creates a contrarian risk.

Market effects

Sector

Strong AI‑related memory demand may lift the broader semiconductor sector.

Regional

U.S. tech stocks could see a modest rally.

Global

Micron's guidance may influence global memory pricing trends.

Counterpoint

What could challenge this read

Burry's large put position suggests a potential downside if memory pricing softens.

Key entities

  • CEO
    Sanjay Mehrotra

    Micron CEO who discussed the company's secular growth shift.

  • CFO
    Mark Murphy

    Micron CFO who highlighted margin expectations.

Read at source← All news

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