Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Jim Edwards

‘Big Short’ investor Michael Burry has a $1.1 billion bet against AI stocks, and markets are plunging

(Credit: Getty Images)

Nasdaq 100 futures were pointing downward, premarket, after the index lost 2% yesterday in a massive, global selloff of tech stocks. The selling continued this morning in Asia and Europe. The STOXX Europe 600 went down 0.46% in early trading before recovering. Japan’s Nikkei 225 was down 2.5%. And South Korea’s KOSPI was down 2.85%. Bitcoin dipped below $100K but then rallied a little to $101K.

Yesterday, the Nasdaq Composite was down 2.04%, Palantir lost nearly 8%, Reddit lost 8.4%, Nvidia was down 4%, and SoftBank lost 10% at one point.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.