The Man Who Predicted The 2008 Market Crash Just Bet $1 Billion Against AI
Michael Burry—the legendary investor who foresaw the 2008 housing collapse—is at it again. This time, he’s betting against the biggest names in artificial intelligence: Nvidia and Palantir. Burry reportedly wagered over 80% of his portfolio—more than $1.1 billion—on their decline, triggering panic across global markets and wiping out over a trillion dollars in value in a single day.
In this episode of In The Loop, I unpack exactly why Burry made this move, the financial mechanics behind his short, and what it could mean for the future of AI. I break down how money is flowing in ways that…
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