Investor Michael Burry warns of an AI bubble and compares the crypto market to a “casino reality.” He singled out companies like Nvidia and Oracle. Burry, known for shorting the housing market, deregistered his hedge fund citing market misalignment. Analysts caution against market manipulation and the dangers of the AI bubble.

AI entrepreneur Ahmad Shadid echoes Burry’s concerns but focuses on the crypto market’s downfall. Shadid criticizes the market’s shift from utility to meme coins, highlighting rampant manipulation and lack of investor trust. He warns of a “nuclear winter” where projects with little adoption raise huge funds, ultimately being forgotten.

Shadid believes the crypto space is toxic and values only the token. He agrees with Burry on the AI bubble but questions the bearish outlook on Nvidia. Shadid predicts that useless AI companies will collapse first, affecting Nvidia. Despite the bubble, he acknowledges the irreversible shift to an “AI-native world.”

Read more at Yahoo Finance: ‘Big Shot’ Michael Burry’s AI bubble warning also extends to crypto: Expert