'Big Short's' Michael Burry Debuts 'Cassandra Unchained,' Arguing AI Stocks Reflect Bubble Patterns

Benzinga

Michael Burry launched a Substack newsletter after deregistering his hedge fund, using it to outline his bearish view on artificial intelligence. He compared today’s AI surge with past bubbles in tech and housing and criticized investor assumptions of unchecked exponential growth. Burry said he remains bearish on Nvidia and Palantir despite Powell’s assertion that AI companies differ from earlier manias.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

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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