MICHAEL BURRY WARNS OF AI BUBBLE IN NEWLY LAUNCHED NEWSLETTER

🔸 Michael Burry, the famous investor known for accurately predicting the 2008 crisis, closed his hedge fund last week and launched a paid newsletter named "Cassandra Unchained" to detail his pessimistic views on AI.

🔸 He compares the current AI frenzy to the dot-com bubble of 2000 when investors were overly optimistic about mythical growth and overlooked profit risks, similar to how people poured money into Amazon before it was profitable.

🔸 Burry recalls history when the Fed previously denied the housing bubble in 2005 and shortly after, the market collapsed. He believes that the Fed today is also downplaying AI risks similarly to the past.

🔸 While Fed Chair Powell says AI companies "are really profitable," Burry warns that this is the kind of "dangerous reassurance" very similar to the Greenspan era before the crisis.

🔸 He is pessimistic about top AI stocks like Nvidia and Palantir, arguing that investors are overvaluing this technology and are investing based on trends rather than on a sustainable profit model.

🔸 Burry's newsletter costs 379 USD per year for those who want to follow detailed alerts about the "AI bubble" similar to how he warned before the 2008 crisis #GateChristmasGiveaway .