Michael Burry's $1.1 Billion AI Short Sparks Market Turmoil
Michael Burry, known for predicting the 2008 housing bubble, has made a billion-dollar bet against two leading AI companies, Nvidia and Palantir, by purchasing put options, suggesting he expects their stock prices to decline despite strong recent earnings and growth in the AI sector. This move raises questions about whether he sees an AI bubble forming, but investors are advised to focus on long-term, solid companies and maintain diversification regardless of short-term market movements.