Michael Burry's short bet against Nvidia and chips triggered a Seoul circuit breaker and a global tremor. What the AI bubble scare means for Latin America.
Rio Times · Analysis
Key Facts
—What happened ‘Big Short’ investor Michael Burry disclosed fresh bets against Nvidia, Tesla, Caterpillar and a chip ETF, calling the AI rally overvalued.
—Market hit The Philadelphia Semiconductor Index fell more than 6% and the selloff spread to Samsung and SK Hynix, briefly triggering a circuit breaker on Korea’s Kospi.
—The trigger phrase Burry framed South Korea’s roughly 800 trillion won chip plan as ‘the beginning of the end’ of the cycle.
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