Michael Burry Warns of AI Bubble and Tech Sector Risks
Michael Burry warns of a $176 billion depreciation gap among major tech companies, highlighting significant financial risks in the sector.
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Financial Warning
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Sega's Financial Woes: Sales Slump Hits Revenues
Sega issues a financial warning due to "sluggish" sales of games like Sonic Superstars, Endless Dungeon, and Total War: Pharaoh during the holiday season, leading to a revised sales and profit forecast. The company attributes the weak sales to a plateau in the European and US markets, rising game development costs, and the impact of competing games. Sega is undergoing significant restructuring in its European game development business, including canceling projects and revising management structure, as it grapples with the challenging business environment.