‘Black Swan’ investor backs Michael Burry’s AI warning: ‘Euphoric rally’ comes before historic crash. Protect your money
Mark Spitznagel, the founder of Universa Investments, believes Michael Burry has correctly identified a danger in the massive investments in AI chips and data centers, but he thinks Burry is mistaken about the timing. Spitznagel warns that there will likely be one more euphoric rally in the market before a crash, possibly bigger than any investors have experienced before. He suggests investors should protect their money, as selling too early could mean missing a final surge in the AI boom.
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- Michael Burry calls AI leaders’ slowdown push ‘self-serving’ seekingalpha.com
