Michael Burry, Scion Fund
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Michael Burry revealed that he was deregistering his Scion Asset Management after entering put positions on Nvidia and Palantir in the third quarter.
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.
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.
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