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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

'AI Narrative May Die a Death by a Thousand Cuts': Michael Burry's Memory Chip Bet Gains Credibility

Michael Burry is overall bearish against the AI semiconductor complex. (Credit: YouTube Screenshot/60 Minutes)

'The Big Short's' Michael Burry is known for his contrarian bets, one of which culminated into one of the rarest wins in the history of stock market trading. Burry bet against the rock-solid US housing market during the 2008 financial crisis to net hundreds of millions of dollars.

He has been taking aim at the AI and semiconductor industries since last year after he shuttered his hedge fund, citing major deviation of market fundamentals from his investment philosophies.

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