Michael Burry questions AI stock rally, points to Korea's spending boom
Michael Burry, famed for predicting the 2008 crash, is now betting against the AI stock boom. He's shorting Tesla, chipmakers, and Nvidia, citing unsustainable hype. Interestingly, Burry has also increased his stake in Alibaba, viewing it as China's most advanced AI company, contrasting its valuation with inflated US tech stocks. He believes Alibaba's buybacks will eventually boost its value.
Michael Burry, famed for predicting the 2008 crash, is now betting against the AI stock boom. He's shorting Tesla, chipmakers, and Nvidia, citing unsustainable hype. Interestingly, Burry has also increased his stake in Alibaba, viewing it as China's most advanced AI company, contrasting its valuation with inflated US tech stocks. He believes Alibaba's buybacks will eventually boost its value.
