Michael Burry says the AI bubble might pop sooner than he thought.
The investor of “The Big Short” fame said in a Substack post on Monday that he’s “moving timelines up,” chiefly because he expects “the bubble in AI may burst sooner than later.”
Burry said he’s “more confident than ever before” that his pessimistic thesis will “play out over the next year.” He previously said his “base case” was 2028.
The shorter timeframe led Burry to want “more leverage in my short positions,” so he covered his outright shorts and replaced them with bearish put options, he said.
Those contracts give him the right, but not the obligation, to...
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