Investor Michael Burry, known for “The Big Short,” has bet against the AI boom, citing declining returns on invested capital in Big Tech due to AI pushing companies towards a more capital-intensive future. Burry warns falling ROIC could pressure stock prices for years, comparing the AI boom to the dot-com bubble. Scion Asset Management has made bets against Nvidia and Palantir Technologies, leading AI companies are spending big without significant profit returns, sparking concerns of a bursting AI bubble.

Read more at Yahoo Finance: ‘Big Short’ investor Michael Burry says AI is turning Big Tech into a worse business