AI market
Michael Burry has placed a $1.1 billion bet against AI stocks, cautioning that the market is experiencing a bubble driven by hype and accounting manipulations. Burry, known for his previous predictions of market downturns, is urging investors to exercise caution in the tech sector. He believes that the current excitement surrounding artificial intelligence may not be sustainable and could lead to significant losses. His warning highlights the risks associated with investing in technology stocks that may be overvalued due to inflated expectations. Burry’s actions serve as a reminder for investors to critically assess the fundamentals of the companies they are considering.
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