Michael Burry Sounds the Alarm Again: AI Is a Circular Financing Web With Nvidia In the Middle

'Big Short' Michael Burry says unshakable AI positivity reminds him of dot-com, housing bubbles

Michael Burry from "The Big Short" has some concerns.Bloomberg/Getty ImagesThe AI boom is echoing the Internet and housing bubbles, Michael Burry says.He recalled the same kind of unshakable optimism before the dot-com crash and financial crisis.Burry said the AI boom poses a far greater threat to investors and the economy than Enron did.Michael Burry says the seemingly unassailable positivity around AI reminds him of the dot-com and housing bub…

Michael Burry Sounds the Alarm Again: AI Is a Circular Financing Web With Nvidia In the Middle

Michael Burry is pointing at a $770 billion AI spending wave and asking whether the money circling through hyperscalers, chip makers, and AI labs is creating real value or just the appearance of it.

Michael Burry is shorting Nvidia and Micron, but won’t touch this AI stock

Michael Burry is becoming more aggressive against the AI trade, but one company he has criticised remains off limits: CoreWeave. The “Big Short” investor has retained put options on Nvidia and Palantir, increased his Micron short and replaced losing semiconductor ETF puts with a larger bearish position in the Nasdaq-heavy QQQ. Yet Burry says CoreWeave is too dangerous to short because its limited float, retail following and volatility can overwh…

‘Big Short’ Michael Burry just revealed his latest stock bets

On August 12, the legendary ‘Big Short’ investor Michael Burry continued his busy trading week by unveiling a new series of long and short trades. To begin with, the famous short trader invested in the medicine producer Zoetis Inc (NYSE: ZTS) at $73.60 and in the South American e-commerce giant MercadoLibre Inc (NASDAQ: MELI) at $1,850 per share. Notably, ZTS has been trading relatively flat for months since it suffered a rapid 30% crash in May.…