“Big Short” Michael Burry Doubles Down on Short Bets Against AI, Calls Korea’s Chip Investment “the Beginning of the End”

Odaily Planet Daily News "Big Short" investor Michael Burry has recently expanded his short positions related to AI, with newly disclosed short targets including Tesla, Caterpillar, Applied Materials, and an ETF tracking chip manufacturers.

Burry has maintained his bearish view on the AI sector for several months, believing asset prices will face adjustments once the AI hype cools down. In a recent Substack post, he noted that South Korea's announcement of a massive chip investment plan has driven up chip stocks, but he argues this represents "the beginning of the end" and questions whether the sustained capital expenditure in the AI industry can ultimately translate into corresponding returns. (The Wall Street Journal)