“The Big Short“ investor Michael Burry has a China warning for the US. Burry, one of the most influential Wall Street investors, has warned that America’s reliance on power-hungry Nvidia chips will hand China victory in the artificial intelligence (AI) race. In a recent post shared on the microblogging site X (formerly Twitter), he pointed…
What gives Michael Burry his rizz? Short-sellers have long been despised by the retail investing crowd, who have often taken bullish positions on the stocks short-sellers are betting will fall. Inside Business stories reveal the inner workings of companies from Silicon Valley to Wall Street that are shaping our world today. “The Big Short” investor, though,…
“It’ll happen slowly, and then all at once.” That’s how Jim Morrow, founder and chief investment officer of Callodine Capital, describes the eventual – inevitable – unwinding of what he calls “the most crowded trade in history.” Of course, he isn’t just paraphrasing Ernest Hemingway—he’s talking about the AI race, and the trillion-dollar deals so…
This article first appeared on GuruFocus. The stock market ignored Palantir (PLTR, Financials) greatest quarter.The software and AI startup reported $1.18 billion in revenue and $0.21 per share in Q3 results this week, exceeding analyst expectations. On paper, that wins. But Palantir’s stock plunged 12% in the days after the revelation, proving that high expectations…
Investors hit the brakes on the AI trade this week. The market doesn’t seem as confident about AI as it once was, evidenced by the sell-off that tore through the sector on Tuesday. Top leaders in the AI sector — including Nvidia, Meta, and Palantir — all tumbled, thanks largely to concerns that tech stocks…
Michael Burry is betting that AI is more likely a bubble than a revolutionary movement. His fund, Scion Asset Management, revealed November 3 that it invested in the fall of Palantir and Nvidia’s stocks. Burry made a fortune when he predicted the 2008 financial crisis and bet against the U.S. housing market collapse. His instinct…
Investor Michael Burry disclosed on Monday that his hedge fund, Scion Asset Management, has taken positions against tech heavyweights Nvidia (NVDA) and Palantir (PLTR). Burry, who rose to fame for correctly predicting the US housing market bubble and subsequent stock market crash in 2008, has taken out puts — or trades that benefit from a…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Shares of UnitedHealth Group (NYSE:UNH) soared on Friday with news that several prominent investors had purchased shares of the health insurance company. A well-known member of Congress is also buying up shares and adding to her position. Rep. Marjorie…
Aug 15 – UnitedHealth Group (NYSE:UNH) shares soared 10% Friday morning after Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway revealed a stake of 5 million shares, valued at roughly $1.6 billion. The move sent the stock up 12% in morning trading, marking its best day in five years and adding about 209 points to the Dow…
UnitedHealth Group Inc. (NYSE:UNH) shares climbed Friday after high-profile investors Michael Burry and Warren Buffett took positions in the insurance giant, offering some relief to a stock that has tumbled about 41% year-to-date. Warren Buffett’s fund bought little more than 5 million shares, and Burry disclosed in 13F filings that he purchased call contracts against 350,000…