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「The Big Short」 Michael Burry Makes a Comeback, Releases Column Warning of AI Bubble Risk
BlockBeats News, November 25th, according to a report by Wall Street News on November 25th, after experiencing rumors of fund liquidation and the exaggeration by the media of the "short AI amount by one hundred times," Michael Burry, the prototype of the movie "The Big Short" and a well-known investor, fulfilled his promise on November 24th.
He expressed his "short AI" views by publishing his first column article "Primary Signs of a Bubble: Supply-Side Binge." In this article, he officially declared war on the current AI craze, with the epicenter of the storm being NVIDIA. He directly pointed out that NVIDIA is today's Cisco.
Regarding the recent market belief that "tech giants have strong profitability, so there is no bubble," Burry made a sharp rebuttal in the article. He cited data from the peak of the 1999 Internet bubble to point out that the prosperity at that time was also driven by high-profit companies, not just those websites that didn't even have revenue. Burry pointed out in the article that the key issue of the current AI craze is "disastrous oversupply and far less demand." He affirmed: No matter how many people try to prove that this time is different, the history of 1999 is repeating itself.
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