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Warren Buffett and Michael Burry, two closely watched investors in global markets, are taking diametrically opposed positions on the madness of artificial intelligence, setting off a rare, high-stakes clash over whether Silicon Valley’s hottest trade is a once-in-a-generation opportunity or a bubble waiting to burst. Their views, revealed in recent exposés and letters, come as […]
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For weeks, markets toyed with the idea that the AI boom was collapsing under its own weight. Nvidia’s latest earnings have set that narrative on fire. With what Morgan Stanley called “probably the biggest sales increase in semiconductor history,” the chipmaker fueled another global tech rally, crushed a wave of AI doomerism and reminded investors […]
Michael Burry, the investor immortalized by The big short one for predicting the 2008 housing market collapse has once again roiled global markets. His fund, Scion Asset Management, has taken a bearish position on Nvidia and Palantir, two of the biggest symbols of the ongoing artificial intelligence (AI) boom, according to a CNN report. Scion […]
