Michael Burry issues another warning to the market ⚠️
Who is Burry? He is the investor who predicted the financial crisis of 2008. He rarely speaks, but when he does, it is usually a severe warning about the overheating of the markets. This time, he claims that the AI sector shows signs of 'systemic overheating'.
He is going to close his hedge fund until the end of the year, stating that 'he no longer understands the current market'.
At the same time, he made a massive bet against the AI sector by buying put options on Palantir.
His position: 9.2 million dollars → potential of 240 million dollars if the AI bubble bursts.
Put options generate profits when prices fall.
What is Palantir? A major American artificial intelligence company that works with the U.S. government. Its stocks are considered overvalued: high valuations, elevated costs, and unrealistic growth expectations.
