America’s biggest investor Michael Burry says: Plain and simple, AI stocks are an asset bubble as …
Micheal Burry, America’s popular investor, who is also known for predicting the 2008 housing crash in the US has now given a new warning. Burry sounded the alarm on the current AI boom, calling it a direct parallel to the dot come bubble of the late 1990s. According to a report by Business Insider, in a Substack post and subscriber chat, Burry argued that the frenzy around AI stocks is unsustainable and already showing signs of excess. Burry told his subscribers: “History is not a perfect guide, but I see so many indicators both technical and fundamental lining up for the same conclusion.” He compared today’s AI rally to 1999, when markets soared to unprecedented levels before collapsing. “It is just an asset bubble, plain and simple,” he wrote.
