devhealthylife1@gmail.com

Why Michael Burry thinks the AI bubble will unravel

Why Michael Burry thinks the AI bubble will unravel

“The Big Short” investor Michael Burry said the artificial intelligence market bubble could unwind within about the next two years, following the pattern of the dotcom mania where share prices peaked well before spending on the underlying technology tops out. “What you see in every prior one was the relevant stock market peak was before you were even halfway done with the capital expenditure,” Burry told host Michael Lewis on his podcast “Against The Rules: The Big…

Read More
We’re booking some big profits in a bank stock near record highs that we still love

We’re booking some big profits in a bank stock near record highs that we still love

We’re selling 10 shares of Goldman Sachs at roughly $835 each. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 200 shares of GS, decreasing its weighting in the portfolio to about 4.4% from about 4.6%. The financials were one of the top-performing groups in the market Wednesday, and we are capitalizing on this strength…

Read More