Michael Burry: AI Bubble Will Burst 'Sooner Than Later'

Investor Michael Burry, famous for betting against US subprime mortgages before 2008, said in his Substack newsletter Cassandra Unchained that the AI bubble will collapse sooner than he previously expected. He compared the moment to 1999 and Nvidia to Cisco, while his fund Scion holds roughly $1.1 billion in short bets against Nvidia and Palantir.

• Burry updated his call: the AI bubble will burst 'sooner than later'
• He compared Nvidia to Cisco and today's market to the 1999 dot-com peak
• Scion's short bets against Nvidia and Palantir total about $1.1 billion
• He estimates understated depreciation could mask up to $176 billion at Meta, Google, Microsoft and Amazon