Prominent investor Michael Burry, renowned for his prescient bet against the US subprime mortgage market, has recently sounded the alarm on Nvidia, cautioning about an impending AI bubble.
Burry warns that despite the tech giant’s tremendous success, it’s not immune to the possibility of AI bubble burst, likening it to the dot com bubble of the late 90s. In a candid statement, he emphasized, ‘There is no way to time or predict when the bubble will burst’.
This criticism comes in the wake of Nvidia’s recent exponential growth, which has been primarily fueled by the proliferation of artificial intelligence and deep learning computing.
Burry’s cautionary words highlight the unpredictability and inherent risks tied to the rapidly-evolving world of AI technology. Investors and tech enthusiasts alike need to keep vigilance as to how this scenario unfolds. Read More
Leave a Reply