Svmuu News: “The Big Short” star Michael Burry has recently expanded his short positions in AI-related stocks. His latest disclosed short positions include Tesla, Caterpillar, Applied Materials, and an ETF that tracks chip manufacturers.
Burry has maintained his bearish view on the AI sector for several months, believing that asset prices will face a correction once the AI boom cools down.In a recent post on Substack, he noted that South Korea’s announcement of a large-scale chip investment plan has driven up chip stocks, but he believes this “is the beginning of the end” and questions whether the AI industry’s expanding capital expenditures will ultimately translate into commensurate returns. (The Wall Street Journal)