Investor Michael Burry said in a Sept. 28 investment newsletter that he is moving up the timeline for his bearish positions against key artificial intelligence (AI) stocks and switching from short sales to put options, according to CNBC.
Burry, who gained prominence for his bets against the U.S. housing market before the 2007–2009 financial crisis, wrote that new research led him to conclude that “the bubble in AI may burst sooner than later,” the report stated [1]. The investor said the change to put options gives him more cost-effective leverage over a shorter time horizon.
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