Wait! Michael Burry Is Right About the Memory Boom Ending? This Analyst Says Yes

The article argues that the AI memory-chip boom may be nearing a turning point. Bloomberg Intelligence’s Shuli Ren says the global memory shortage likely peaked in Q2 2026 and could move into oversupply by 2028 as Samsung, SK Hynix, and Micron expand output after record pricing. That view supports Michael Burry’s bearish bet against Micron, though the article notes the timing may be early. The bullish counterpoint is that memory remains AI’s main bottleneck, with OpenAI and Intel executives warning shortages could last into 2028. The market implication is that memory chip makers could still benefit near term, but investors should expect pricing and margins to normalize as capacity rises and hyperscaler demand matures.