Michael Burry Liquidates Hedge Fund
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Retail investors have typically hated short-sellers. Michael Burry's bets against Palantir and Nvidia have seemingly never made him more popular.
Nearly two decades after he became a Wall Street legend for predicting the 2008 housing crash, investor Michael Burry once again came out of the shadows with his bold bets against AI darlings Nvidia ( NVDA) and Palantir ( PLTR ).
Investor Michael Burry sought to clarify certain misconceptions about his latest options bet against Palantir Technologies Inc. (NASDAQ: PLTR), after details of the position were widely misinterpreted in media reports.
As he prepares to close his legendary hedge fund, new filings show "Big Short" investor Michael Burry has bet on six stocks while placing bearish put options on Nvidia (NVDA) and Palantir (PLTR).
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JPMorgan Says Michael Burry Is Dead Wrong About AI
Michael Burry first grabbed headlines for his bold short against the U.S. housing market in the mid-2000s, predicting its collapse and profiting massively when the subprime mortgage crisis hit in 2008.
Michael Burry, the hedge-fund manager of “The Big Short” fame who is betting against two of the stock market’s favorite AI plays, is back with a new criticism of valuations in the sector.
First, many experts have admitted that AI is a bubble, but as a consolation, we get the opinion that it is different from the dot-com bubble, or, in the case of a former Intel CEO Pat Gelsinger, that it will take years to burst.
Imagine I get extremely rich like Michael Burry on a contrarian short position. I’d immediately cash in my chips (but I wouldn’t tell anyone I was “semi-retiring” from the game). Then, after extracting some funds for fun and my kids’ education,