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Michael Burry shorts AI stocks, bets big on Alibaba amid valuation concerns

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Michael Burry, the investor known for predicting the 2008 financial crisis, is now taking short positions against the current AI-driven stock rally. He has placed bets against Tesla, Nvidia, and several chipmakers, arguing that the enthusiasm surrounding AI is unsustainable. At the same time, Burry has raised his stake in Chinese tech giant Alibaba, which he considers China's most capable AI company. He views Alibaba's valuation as more reasonable compared to inflated US tech stocks. Burry also believes the company's share buyback strategy will ultimately drive up its value over time.

Read the full story at Times of India

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Michael Burry shorts AI stocks, bets big on Alibaba amid valuation concerns · ShortSingh