Michael Burry Is Staying Short Nvidia, Palantir, and Tesla, Warning of a Possible "1987-Type Fall" for AI Stocks. Should Investors Take the Bet Seriously?
Burry continues to short growth stocks, but it hasn't always been a winning formula.
Overview
Michael Burry, famous for his depiction in The Big Short, has set his eyes on artificial intelligence (AI) stocks. He's short Nvidia (NASDAQ: NVDA), Palantir (NASDAQ: PLTR), and Tesla (NASDAQ: TSLA) and sees the AI bubble leading to a "1987-type fall."
Writing in his Substack newsletter, Burry recently brought up a valid point about leverage, but his concerns about an AI bubble are vastly overblown. Here's what investors should know.
Image source: Getty Images.
Details
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Originally published at www.fool.com.
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