Famous Investor Michael Burry Closes Hedge Fund Amid AI Bubble Concerns
AI Summary1 min read
TL;DR
Michael Burry has closed his hedge fund Scion Capital due to concerns over inflated tech and AI valuations, including billion-dollar bets against companies like Palantir and Nvidia.
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PalantirNvidiaMichael BurryHedge FundAI BubbleStock MarketInvestment
Michael Burry, known for predicting the 2008 financial crisis, has closed his hedge fund Scion Capital amid concerns about inflated tech and AI valuations. He recently placed billion-dollar bets against Palantir and Nvidia, citing overvaluation of AI-related stocks. Burry has a reputation for predicting bubbles and has warned of new speculative bubbles since 2008.
