Famed investor Michael Burry, known for his successful bet against the housing market in 2008, has set his sights on Elon Musk’s Tesla, calling the electric vehicle maker “ridiculously overvalued” in a recent blog post. Burry has emerged as a sharp critic of big tech, targeting Nvidia as well as Google and Meta with recent articles.
Michael Burry, the investor who gained fame for his role in “The Big Short,” has recently accused major technology companies of using aggressive accounting tactics to artificially boost their earnings amidst the AI boom. The fresh accusations come shortly after Burry went public with claims of an “AI bubble.”
Michael Burry, the hedge fund manager who famously bet against the US housing market in 2008, and was portrayed by Christian Bale in 2015’s The Big Short, has disclosed bearish wagers on Nvidia and Palantir Technologies, based on his belief that the economy is in an AI bubble.
Previously, the manager of Scion Capital had disclosed owning $165 worth of 11 public companies.
What does Burry see that reminds him of 2008?