Markets are plunging worldwide after 'Big Short' investor Michael Burry reveals $1.1 billion bet against AI stocks

Business

Markets Are Plunging Worldwide After 'Big Short' Investor Michael Burry Reveals $1.1 Billion Bet Against Ai Stocks

By Fortune

Yesterday, the Nasdaq Composite was down 2.04%, Palantir lost nearly 8%, Reddit lost 8.4%, Nvidia was down 4%, and Softbank lost 10% at one point. The markets are highly vulnerable to a selloff in tech stocks. In October, tech stocks tracked by Bank ...Read more