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"Disconnected from Madness": The Oracle Michael Burry Abandons Fund Management Due to the Euphoria of AI
The famous investor Michael Burry closes his fund Scion Asset Management, frustrated by the total disconnection between the real value of companies and their valuations. His criticism focuses on the technology sector and the euphoria surrounding Artificial Intelligence.
Burry, who has actively bet against giants like Nvidia and Palantir, argues that the market is inflating an unsustainable bubble and ignoring the evident risks, especially the aggressive accounting practices of many companies.
#MichaelBurry #AI #AssetValuation #WallStreet