Tony Bark@pawb.social to

Technology@lemmy.worldEnglish · 1 month ago

The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops

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The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops

Tony Bark@pawb.social to

Technology@lemmy.worldEnglish · 1 month ago

Michael Burry, who shorted the housing market in 2008, has bet over $1 billion that the shares of AI companies Nvidia and Palantir will fall.

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Womble@piefed.world
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1 month ago
From a quick look they have ~40B USD in liabilities and make ~115B USD gross profit. Being able to pay off the entirety of their debt with 4 months of profit seems pretty healthy to me.

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