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00:02Michael Burry, known for predicting the 2008 housing crash, launched a sub-stack newsletter
00:06called Cassandra Unchanged after deregistering his hedge fund, according to CNBC.
00:11He told followers he plans to outline his bearish thesis on artificial intelligence
00:15and warn that markets resemble past bubbles.
00:18Burry drew parallels between the late 1990s tech boom, the mid-2000s housing run-up,
00:22and today's AI surge.
00:24He said in historical comments from Alan Greenspan and recent remarks from Powell,
00:27who said AI companies are profitable and different from earlier medias.
00:32Burry argued investors are again assuming exponential growth and overlooking risks,
00:36noting he is bearish on NVIDIA and Palantir.
00:38For all things money, visit Benzinga.com.
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