๐ค Big Investor Burry is skeptical of AI tech giants
Michael Burry, known for his 2008 housing crisis warnings, is criticizing Oracle and Micron Technology. He argues both companies are overexposed to the AI infrastructure boom and have heavy financial commitments. Burry took a short position against Oracle due to massive AI spending and Micron because its rally lacks solid fundamentals. His concerns focus on off-balance-sheet liabilities from huge infrastructure investments. This shows growing worry about the sustainability of massive AI financing deals. ๐