「The Big Short」 Michael Burry Increases Bearish Bet on AI Sector, Calls South Korea's Chip Investment the 'Beginning of the End'
BlockBeats News, July 2nd, "The Big Short" prototype Michael Burry has recently further expanded his AI sector short position, shorting targets including Tesla, Applied Materials, Caterpillar, and the semiconductor ETF SOXX. Burry stated that South Korea's recent announcement of a large-scale chip industry cluster investment plan is the "beginning of the end" of the AI frenzy, and questioned whether the ongoing expansion of capital expenditure can bring about a corresponding return.
Burry also continues to maintain a bearish view on NVIDIA and has used put options to bet on a decline in SOXX. He had previously predicted that NVIDIA and Palantir Technologies' stock prices would experience a significant pullback in the coming years, believing that the current valuation of the AI sector carries a bubble risk.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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