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Michael Burry, a US investor and former Bloomberg employee, has placed a $1.1bn bet against artificial intelligence (AI) stocks, including chip-maker Nvidia and software company Palantir. This move has intensified concerns about a possible bubble in AI stocks following a surge in values driven by hopes of huge future earnings from the sector. Burry's investment firm, Scion Asset Management, has bought "put" contracts covering $912m of Palantir shares and $187m of Nvidia shares.

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