Michael Burry of ‘The Big Short’ is back with 2 massive bets
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Shares of major tech companies have fallen in the US and Japan over fears about the valuations of firms linked to AI.
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One of The Short Sellers Who Predicted The 2008 Housing Crisis Now Looks to Be Betting Against AI
Michael Burry, an investor made famous by his bets against the U.S. housing market before the 2008-2009 crash who was portrayed by Christian Bale in 2015's The Big Short, appears to have a new short target: the artificial intelligence industry.
Michael Burry, who shorted the housing market in 2008, has bet over $1 billion that the shares of AI companies Nvidia and Palantir will fall.
Short selling rarely thrives in a bull market, especially one this undeterred. Still, some executives lash out at investors who bet against them, like Palantir CEO Alex Karp, who called investor Michael Burry "bats**t crazy" on CNBC for shorting his stock.
Top investors Michael Burry and Warren Buffett aren’t known for following the crowd. This independence has scored wins for them and their clients over time. 10 stock