Key Points
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Investor Michael Burry recently sold his Nvidia puts but maintains puts on Palantir.
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High-profile AI leaders have called for a slowdown in AI development due to potential risks.
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Burry criticized this call as self-serving, stating, “There is nothing AI to slow down.”
Michael Burry, known for predicting the 2008 mortgage crisis, has expressed skepticism about the AI sector, labeling it a bubble. This week, he stated on social media that AI’s rapid development should not be limited, despite concerns from AI leaders like Anthropic CEO Dario Amodei and OpenAI’s Sam Altman, who caution that unchecked advancement poses risks.
While Nvidia’s stock has increased by 13% this year, aligning with the S&P 500, Palantir’s performance remains flat with a high P/E ratio of 148. Burry’s sentiment adds to a complex narrative in which investors must navigate between a bullish market outlook and emerging risks in AI technologies.
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