Famed Investor Michael Burry Warns of AI Boom Bubble, Reveals $1 Billion Bearish Bet on PLTR, NVDA

Famed investor Michael Burry warns that the current AI boom is a speculative bubble mirroring the 2000 dot-com bust. He has revealed over $1 billion in bearish put options against Nvidia Corp. (NVDA) and Palantir Technologies Inc. (PLTR), citing similarities between the two. Burry compares the massive investment in AI infrastructure to the "unlit" fiber-optic cables that led to the 2000 market collapse. He also shared data showing slowing cloud growth and a complex web of investments and partnerships between tech players.