Popular American investor Michael Burry, famous for correctly predicting the 2008 housing bubble and now voicing concerns over the AI frenzy, said the President Donald Trump-led US administration cannot afford to let the AI boom fail.
The market veteran, popularly known as the ‘Big Short’ investor, explained that AI infrastructure buildout has become a critical support for the US economy, keeping very little room for the Trump administration to let the ongoing AI boom weaken, Stockwits reported. Notably, Burry has been shorting AI-linked stocks and warning investors of a sharp selloff ahead.
