As the "Big Short" increases its bearish bets, Citi and Wells Fargo continue to be bullish on Micron (MU.US): memory supply remains tight, and the earnings upcycle is not over.

Zhito Finance APP has learned that recently, Michael Burry, known as "The Big Short," stated that he has increased his short position in Micron Technology (MU.US), while at the same time, some divergence seems to have emerged on Wall StreetCiti raised its target price, while Wells Fargo cut its target price. However, unlike Burry, both investment banks remain bullish on this memory chip maker.