Tony Bark@pawb.social to

Technology@lemmy.worldEnglish · 15 hours ago

The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops

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The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops

Tony Bark@pawb.social to

Technology@lemmy.worldEnglish · 15 hours ago

Michael Burry, who shorted the housing market in 2008, has bet over $1 billion that the shares of AI companies Nvidia and Palantir will fall.

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SaveTheTuaHawk@lemmy.ca
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19·
3 hours ago
Burry also lost money since 2008 making shorts like Tesla. The Big Shart.
- sugar_in_your_tea@sh.itjust.works
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  7·
  3 hours ago
  Looks like very mixed returns. Which is what you’d expect from a strategy of betting on areas that are significantly overvalued.

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