Michael Burry Warns of AI Bubble, Shorts NVDA and PLTR
Investor Michael Burry, famed for predicting the 2008 housing crash, has reemerged with stark warnings about an AI stock bubble. His social media activity reveals aggressive short positions against Nvidia (NVDA) and Palantir (PLTR), alongside criticism of Oracle (ORCL). Burry alleges accounting irregularities among tech firms and forecasts a market downturn fueled by AI hype.
"Sometimes, the only winning MOVE is not to play," Burry posted, echoing his contrarian stance from The Big Short era. A recent cryptic image of his film counterpart surrounded by documents carried the caption: "Me then, me now. Oh well. It worked out. It will work out." The post underscores his conviction that history may repeat with AI's speculative frenzy.