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๐จ Michael Burry warns of an AI bubble
The guy who predicted the 2008 crash sees the market hype around companies like:
SpaceX โ OpenAI โ Anthropic
as reminiscent of the dot-com bubble back in 2000.
What's riskier is that he previously placed massive short positions against AI-related stocks like:
#PLRT and $NVDA
The idea isn't that AI is a mirageโฆ
but that the valuations may be overinflated.
In 2000, the internet wasn't a lie, but the prices were a bubble.
Will we see the same scenario play out with AI? ๐
I'd love to hear your thoughts ๐
#Binance #crypto #digital_assets #AI #Nvidia's
The guy who predicted the 2008 crash sees the market hype around companies like:
SpaceX โ OpenAI โ Anthropic
as reminiscent of the dot-com bubble back in 2000.
What's riskier is that he previously placed massive short positions against AI-related stocks like:
#PLRT and $NVDA
The idea isn't that AI is a mirageโฆ
but that the valuations may be overinflated.
In 2000, the internet wasn't a lie, but the prices were a bubble.
Will we see the same scenario play out with AI? ๐
I'd love to hear your thoughts ๐
#Binance #crypto #digital_assets #AI #Nvidia's
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