"Big Short" Investor Burry Doubles Down on Shorting AI, Says South Korea's Chip Investment Is the "Beginning of the End"

Odaily Planet Daily News "The 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 continues his bearish view on the AI sector, which he has held for months, believing that asset prices will face a correction once the AI hype cools down. He recently wrote on Substack that South Korea's announcement of a massive chip investment plan drove up chip stocks, but he believes this is "the beginning of the end," questioning whether the sustained capital expenditures in the AI industry can ultimately translate into corresponding returns. (The Wall Street Journal)