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Big Short fame Michael Burry is betting against Nvidia, AMD, Micron and other chipmakers. Is a massive AI crash coming?
Michael Burry, famed for predicting the 2008 financial crisis, has increased his bearish bets against AI-linked chipmakers through the iShares Semiconductor ETF. His move has reignited concerns over stretched semiconductor valuations, the sustainability of the AI rally, and the possibility of a sharp correction in technology stocks.
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cryptobriefing.com
Michael Burry's bearish bet against memory chipmakers is starting to look less crazy
Michael Burry has shorted Micron at $1,051 per share, warning AI chip stocks face a 30% correction as $500B in new capacity threatens to flood the market.
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Semiconductor stocks stumble as investors question the AI trade
Chip stocks lost 12% in two days as profit-taking and mixed signals from Broadcom and SK Hynix rattled the AI trade. Bitcoin fell too.
