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The same dude from the Movie The big Short who nailed the 2008 housing crash — Michael Burry — just went $1.1 billion short on AI. This is the Michael Burry AI Short 2.0. He’s not crying “AI is dead,” he’s warning the valuations are insane. His fund, Scion Asset Management, disclosed massive put-options against NVIDIA (NVDA) and Palantir Technologies (PLTR): about $912 M in PLTR ~$187 M in NVDA. Sound familiar? Dot-com era all over again — or 2008 housing bubble style — just with “AI” replacing
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Michael Burry — the investor known for predicting the housing meltdown ahead of 2008 — has turned his attention to one of the market’s most beloved themes: artificial intelligence. Find the full report: cnb.cx/481KLzX | CNBC
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