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

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

Burry continues his months-long bearish stance on the AI sector, believing that asset prices will face corrections once the AI frenzy cools down. In a recent post on Substack, he stated that South Korea’s massive chip investment plan has driven up chip stocks, but he views this as “the beginning of the end,” questioning whether the continuous capital expenditures for AI industry expansion can ultimately translate into corresponding returns. (Wall Street Journal)