Michael Burry Takes Victory Lap as Big Tech’s $3 Trillion AI Spending Tab Comes Into Focus - Alphabet (NA
3 Articles
3 Articles
Michael Burry warns that the longest wave of calm on Wall Street in 30 years is a warning signal, while a few AI mega-capitalizations counterbalance the market. *** Michael Burry sees the 182-session streak without 80% drop in volume as an unprecedented fact that can cover up a break. AI mega-capitalizations like Nvidia, Micron, Caterpillar, Palantir and Tesla concentrate profits and Burry has short positions. Burry compares the current one to t…
Michael Burry states that the seemingly unshakable optimism surrounding AI reminds him of the bubbles of the dotcom and the real estate market, and warns that this euphoria could have far more devastating consequences than Enron's collapse.A Burry Substack subscriber commented this week on a chat thread that he felt "we are witnessing a massive and coordinated effort to shore up the narrative."Burry replied, "That's how he felt in May 2007, when…
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