The president's goal in waging war with Iran has morphed from 'revolution' to 'just get out before the market crashes too much,' Burry continued. 'It's a shame that Americans died for this'
Michael Burry warned that Alphabet’s long-term bond move is a reminder that even the biggest companies can lose their top position, just like Motorola once did.
Shares of Fannie Mae rose 2% Monday, while Freddie Mac climbed 2.4%. The pair, which trade over-the-counter and are prone to volatile swings, have added about 12% since late November
Michael Burry said the defining feature of today’s AI frenzy is a runaway capex cycle that resembles -- and even exceeds in several respects -- the fibre-optic and router boom of the late 1990s. Combined with thin monetisation and reflexive capex hype, the conditions are set for a sharper contraction than the Nortel-Cisco cycle.
Tesla is already in the spotlight as shareholders debate Musk’s proposed $1 trillion award, which hinges on performance milestones
Michael Burry’s comments come amid growing caution from investors worried about a possible AI bubble
Michael Burry, who shot to fame for betting against the U.S. housing market ahead of the 2008 financial crisis, is widely watched for his comments on markets and the economy.
Michael Burry, 54, closed a previous firm called Scion Capital in 2008 after successfully betting against bonds backed by the riskiest home loans.
Celebrity investors such as Michael Burry, Masayoshi Son, and Peter Thiel are bailing on Nvidia shares as warnings about an overheated AI rally grow louder.
Michael Burry of The Big Short fame has argued that Wall Street is underestimating the extent to which reported profits in AI-heavy firms are being lifted by adjustments to depreciation schedules.
The hedge fund manager has previously warned about market exuberance, last month posting an image of his character from The Big Short movie and a warning that 'sometimes, we see bubbles'
In a regulatory filing, Burry's Scion Asset Management revealed last week that it bought put options for the SPDR S&P 500 ETF Trust and the Invesco QQQ Trust Series 1 ETF, which track respectively the S&P 500 and Nasdaq-100 indices. Scion's bet is worth a total $1.6 billion.
Michael Burry’s Scion Asset Management held puts with a total contract value of $886 million against SPDR S&P 500 ETF shares, and another $739 million against Invesco QQQ Trust ETF, Reuters reported citing securities filings.