The Big Short’s Michael Burry Delivers His Bluntest Warning Yet Regarding AI Stocks. Should You Listen?
Burry gained fame for a winning market prediction several years ago.
Overview
The S&P 500 has climbed for the past three calendar years, and in spite of various headwinds this year, it's continued to trek higher. Leading this march are companies that play a major role in the artificial intelligence (AI) space. And investors have generally been piling in, with the idea of benefiting from this boom today and into the future.
But one expert investor in particular has taken just the opposite position. Michael Burry, who shot to fame after predicting the U.S. subprime market crash, increased his bets against AI stocks last year and, in recent times, reiterated his concerns and adjusted his positions accordingly.
Details
Now, just hours ago, Burry delivered his bluntest warning yet regarding AI stocks. Should you listen? Let's take a closer look.
Source
Originally published at www.fool.com.