「The Big Short」 Michael Burry Makes a Comeback, Releases Column Warning of AI Bubble Risk
BlockBeats News, November 25th, according to a report by Wall Street News on November 25th, after experiencing rumors of fund liquidation and the exaggeration by the media of the "short AI amount by one hundred times," Michael Burry, the prototype of the movie "The Big Short" and a well-known investor, fulfilled his promise on November 24th.
He expressed his "short AI" views by publishing his first column article "Primary Signs of a Bubble: Supply-Side Binge." In this article, he officially declared war on the current AI craze, with the epicenter of the storm being NVIDIA. He directly pointed out that NVIDIA is today's Cisco.
Regarding the recent market belief that "tech giants have strong profitability, so there is no bubble," Burry made a sharp rebuttal in the article. He cited data from the peak of the 1999 Internet bubble to point out that the prosperity at that time was also driven by high-profit companies, not just those websites that didn't even have revenue. Burry pointed out in the article that the key issue of the current AI craze is "disastrous oversupply and far less demand." He affirmed: No matter how many people try to prove that this time is different, the history of 1999 is repeating itself.
You may also like

Morning News | Invesco acquires a $900 million on-chain fund from Superstate; ParaFi has raised $125 million for its new fund; Solana Foundation launches developer platform SDP

What is the background of this new fund that the two major prediction market platforms have rarely joined forces to create?

SIREN, another leveraged scam

Token has become extremely popular, and the blockchain is very sad

Tether's major shareholder invests £12 million to support the "British version of Trump" in the cryptocurrency sector

Huang Renxun's Latest Podcast: Will NVIDIA Reach $1 Trillion? Will the Number of Programmers Increase Instead of Decrease? How to Deal with AI Anxiety?

Besides Resolv Hack, This DeFi Vulnerability Type Has Occurred Four Times

Trump Cries Peace, $1.5 Billion Dash | Rewire News Evening Brief

From x402 to MPP: Cloudflare's crucial vote, will it go to Coinbase or Stripe?

BlackRock CEO issues annual open letter: The wave of tokenization has arrived, and we will lead this trend

When Backpack backstabs the community

When gold is no longer a safe haven, and Bitcoin continues to panic

Trump, the World's Largest Oil Trader

If the US and Iran have not reached an agreement in 5 days, what other cards does Trump have?

Tether Whale Dumps £12 Million, Backing Crypto’s ‘British Trump’

Ethereum Foundation Post: Rethinking the Division of Work Between L1 and L2 to Build the Ultimate Ethereum Ecosystem

Two Major Prediction Market Platforms Unite Rarely, What Is the Story Behind This New Fund?

