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Unhappy with Wall Street's love for AI stocks, Michael Burry links it to big spending announced out of Korea; says: I see that as the beginning of the end because ...
America’s biggest investor, Michael Burry who is known for predicting the 2008 housing crash and expanded his bearish wagers against the AI stock rally. According to a report by the Wall Street Journal, Burry’s latest positions include shorts on Tesla, Caterpillar, Applied Materials, and an ETF tracking semiconductor makers (SOXX).
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economictimes.indiatimes.com
US stocks may be headed for a sharp correction, warns Andrew Freris amid AI spending boom
Market strategist Andrew Freris warns Wall Street's rally is built on shaky ground, citing weak earnings and excessive AI enthusiasm. He advises caution on US equities, favoring…
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electrek.co
Big Short's Michael Burry discloses new Tesla (TSLA) position
Michael Burry disclosed a new short position on Tesla (TSLA) at $416.22, part of a bearish basket targeting the AI and semiconductor bubble.
