# 【Big Short Creator Speaks Again】Burry Says a Market Drop Is Needed to Stop AI Giants’ IPOs—How Should Risk Assets Be Viewed?
The movie *The Big Short*’s real-life prototype and well-known short seller Michael Burry has fired up again this week, with his sights set directly on the AI bubble.
On X, he said plainly: "For the benefit of mankind, the market should drop sharply in order to stop the IPOs of OpenAI and Anthropic." His logic is straightforward—once the two companies go public, they will pull in tens of trillions of dollars and ultimately "ruin that money," and that is just the minimum damage.
A few hard data points:
- Anthropic’s prospectus discloses that over the next few years it plans to pour **$518 billion** into cloud and infrastructure, with last year’s net loss of nearly **$42 billion**; the IPO is expected to come after the U.S. midterm elections in November.
- **OpenAI** has already pushed its IPO to next year.
- Burry has shifted his main AI stock shorts into **put options**, betting that AI trading will either reverse or he can profit from a move **next summer**; some of his moves are also intended to reduce taxes.
His core skepticism: can massive data-center investment generate enough returns? And in his view, the warnings from OpenAI and Anthropic about "slowing down AI development" are "self-serving"—in essence, a way to manufacture momentum for the IPO.
**Objective implications for the crypto market:**
The correlation between BTC and the Nasdaq/AI-chain remains high. If AI trading truly peaks and then falls back, risk assets overall face repricing, with securities that carry high valuations and long-end interest rate sensitivity likely hit first. This echoes our prior bearish logic for SPCX (SpaceX IPO)—"high valuations + interest-rate suppression"—from the same root. However, Burry’s timing call (next summer) is more medium-term, and the resilience of the AI narrative should not be underestimated; short-term extrapolation is not advisable.
**Conclusion:** AI de-leveraging is one of the key macro variables in the second half of 2026 worth monitoring continuously, but it does not constitute an immediate trading signal.
#BinanceSquare #AI泡沫 #MichaelBurry #宏观观察 #Crypto market
⚠️ The above content is for information collation and market opinion sharing only, and does not constitute any investment advice. NFA.
The movie *The Big Short*’s real-life prototype and well-known short seller Michael Burry has fired up again this week, with his sights set directly on the AI bubble.
On X, he said plainly: "For the benefit of mankind, the market should drop sharply in order to stop the IPOs of OpenAI and Anthropic." His logic is straightforward—once the two companies go public, they will pull in tens of trillions of dollars and ultimately "ruin that money," and that is just the minimum damage.
A few hard data points:
- Anthropic’s prospectus discloses that over the next few years it plans to pour **$518 billion** into cloud and infrastructure, with last year’s net loss of nearly **$42 billion**; the IPO is expected to come after the U.S. midterm elections in November.
- **OpenAI** has already pushed its IPO to next year.
- Burry has shifted his main AI stock shorts into **put options**, betting that AI trading will either reverse or he can profit from a move **next summer**; some of his moves are also intended to reduce taxes.
His core skepticism: can massive data-center investment generate enough returns? And in his view, the warnings from OpenAI and Anthropic about "slowing down AI development" are "self-serving"—in essence, a way to manufacture momentum for the IPO.
**Objective implications for the crypto market:**
The correlation between BTC and the Nasdaq/AI-chain remains high. If AI trading truly peaks and then falls back, risk assets overall face repricing, with securities that carry high valuations and long-end interest rate sensitivity likely hit first. This echoes our prior bearish logic for SPCX (SpaceX IPO)—"high valuations + interest-rate suppression"—from the same root. However, Burry’s timing call (next summer) is more medium-term, and the resilience of the AI narrative should not be underestimated; short-term extrapolation is not advisable.
**Conclusion:** AI de-leveraging is one of the key macro variables in the second half of 2026 worth monitoring continuously, but it does not constitute an immediate trading signal.
#BinanceSquare #AI泡沫 #MichaelBurry #宏观观察 #Crypto market
⚠️ The above content is for information collation and market opinion sharing only, and does not constitute any investment advice. NFA.