Michael Burry has bet about $1.1 billion against the stocks of Nvidia and Palantir (this is data analysis software). In short, he has bet on the collapse of the AI bubble.
This man is the same investor who was portrayed in the film "The Big Short". In 2008, he was one of those who saw the impending real estate crisis in the USA. At that time, he and his fund made about a billion dollars from it.
Now, he has purchased put options worth nearly $1.1 billion. For those who don't know: a put option is a financial instrument that allows one to profit from a decline in stock prices. Burry believes that the AI sector is overheated.
By the way, analysts are writing that asset overvaluation and high expenses could certainly put pressure on the technology sectors.
Does Michael Burry know something?
This man is the same investor who was portrayed in the film "The Big Short". In 2008, he was one of those who saw the impending real estate crisis in the USA. At that time, he and his fund made about a billion dollars from it.
Now, he has purchased put options worth nearly $1.1 billion. For those who don't know: a put option is a financial instrument that allows one to profit from a decline in stock prices. Burry believes that the AI sector is overheated.
By the way, analysts are writing that asset overvaluation and high expenses could certainly put pressure on the technology sectors.
Does Michael Burry know something?