Michael Burry, known for predicting the mortgage crisis, is now betting against artificial intelligence by opening short positions against Nvidia and Palantir. He seems to believe the AI sector is due for a correction, drawing parallels between the AI boom and the dot-com era. Burry’s concerns are supported by high valuations of Palantir and Nvidia, suggesting a possible collision course with history. However, the AI trend remains strong, with companies like Meta Platforms and Microsoft doubling down on AI investments. Burry’s bets may prove profitable, but the enthusiasm for AI continues to grow.

Read more at Yahoo Finance: “Big Short” Money Manager Michael Burry Just Bet Against Nvidia and Palantir. Is He Calling the Top of the Artificial Intelligence (AI) Boom?