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‘Big Short’ investor Michael Burry has a $1.1 billion bet against AI stocks, and markets are plunging | Fortune
Wall Street expects tech stocks to take a hammering this morning—again.
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fortune.com
Wall Street sinks under the weight of its own expectations as Big Tech’s AI high fades and Fed doubts creep in | Fortune
AI darlings Palantir, Nvidia, and Tesla slide, sinking the S&P and the Dow in the early going Tuesday.
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‘Big Short’ investor Michael Burry follows up cryptic AI bubble warning with bearish stock activity on Nvidia and Palantir | Fortune
“Sometimes, we see bubbles,” Burry said in a recent X post. “Sometimes, there is something to do about it. Sometimes, the only winning move is not to play.”
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cnbc.com
Asia-Pacific markets set to fall, tracking Wall Street declines on AI valuation concerns
Asia Pacific markets are mostly set to fall Wednesday, tracking declines from Wall Street.
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SoftBank shares plunge 10% as Asian AI-linked stocks slide on valuation jitters
The AI-led rally has pushed the S&P 500's forward P/E above 23—its highest since 2000, according to FactSet.
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bbc.com
Global tech shares fall over AI bubble fears
Shares of major tech companies have fallen in the US and Japan over fears about the valuations of firms linked to AI.
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theguardian.com
European markets down and Asian chipmakers tumble in global stock sell-off amid worries over AI bubble – business live
Deutsche Bank: Growing chorus of ‘whether we might be on verge of equity correction;’ China ends tariffs on US imports including farm goods but soy bean levies remain
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Global stock markets fall sharply over AI bubble fears
Drop in US, Asia and Europe follows warning from bank bosses that market correction could lie ahead
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‘Big Short’ investor Michael Burry has a $1.1 billion bet against AI stocks, and markets are plunging | Fortune
Wall Street expects tech stocks to take a hammering this morning—again.
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Stock futures edge higher after key AI stocks dive on valuation fears: Live updates
Key artificial intelligence leaders lost steam on Thursday, weighing on the broader market.
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Asia-Pacific markets set to open lower, tracking Wall Street losses as AI stocks resume slump
Investors in Asia will look to trade data coming out of China later in the day.