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Post #1800 515
Michael Burry legendary investor who predicted the 2008 mortgage crisis bets $1.1 billion on AI bubble bursting.

Put options against two major companies in the AI sector. (right to sell shares at predetermined price)

If market falls, owner of such contracts profits.

Part of the bet may be a hedge, not a pure bet on the AI market crash but he is betting on the collapse of the overheated AI boom.

#investing #finance #AI #stocks #MichaelBurry

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