Michael Burry, immortalized by Christian Bale in The Big Short, revealed bets in opposition to Nvidia and Palantir price about $10 million, The Wall Street Journal reported.
His wager pays off if Nvidia drops 37 % to $110 by 2027 (it’s round $190 now) and Palantir falls to $50 from roughly $200. Burry introduced his AI prediction in his new Substack newsletter.
He argues the AI market has “indifferent from actuality,” evaluating it to the dot-com bubble. He additionally compares Nvidia to Enron, saying the corporate is utilizing ways that exaggerate chip life expectancy and accounting to inflate earnings.
Is he right? Though Burry made $700 million betting in opposition to the housing market earlier than the 2008 crash, a lot of his predictions over the previous 15 years haven’t panned out.
Michael Burry, immortalized by Christian Bale in The Big Short, revealed bets in opposition to Nvidia and Palantir price about $10 million, The Wall Street Journal reported.
His wager pays off if Nvidia drops 37 % to $110 by 2027 (it’s round $190 now) and Palantir falls to $50 from roughly $200. Burry introduced his AI prediction in his new Substack newsletter.
He argues the AI market has “indifferent from actuality,” evaluating it to the dot-com bubble. He additionally compares Nvidia to Enron, saying the corporate is utilizing ways that exaggerate chip life expectancy and accounting to inflate earnings.
Is he right? Though Burry made $700 million betting in opposition to the housing market earlier than the 2008 crash, a lot of his predictions over the previous 15 years haven’t panned out.
