Michael Burry Is Short This AI Darling. Should You Be Worried?
Michael Burry is one of the world’s most famous investors. His bets against the U.S. housing market ahead of the subprime mortgage crisis proved to be massively successful, and were profiled in Michael Lewis’ book The Big Short and the film of the same name. Burry’s prescience regarding one of this century’s defining financial crises is a testament to his analytical prowess, so it’s little wonder that his analyses and opinions still carry weight in the financial world.
Notably, Burry is skeptical today about the valuations of some of the world’s most high-profile artificial intelligence (AI) stocks — and Micron (NASDAQ: MU) is one of the companies that he is betting against. Should Micron shareholders be worried?
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.