Michael Burry defended his bearish views on X, hitting back at critics and comparing OpenAI to a dot-com era blowup. He fired off social media posts targeting tech trades and AI, warning of trouble in the stock market’s favorite trade. Burry also criticized OpenAI’s financial situation and Microsoft’s involvement.
Burry’s recent critiques include a short position against Nvidia and skepticism towards the AI industry. He challenged critics with calls for proof of Nvidia GPUs being warehoused. Burry also defended his market calls, linking to articles about crashing meme stocks and warning followers about inflation in 2021.
In his barrage of social media posts, Burry highlighted past predictions, including a regional banking crisis resolution. He called out specific reporters who questioned his claims, arguing that history has proven him correct. Burry emphasized the short-term nature of his positions, stating that expecting a short seller to hold them for years is unrealistic.
Read more at Yahoo Finance: ‘Big Short’ investor Michael Burry defends his calls for a stock market bubble and predicts a ‘Netscape fate’ for OpenAI
