#michaelburry

Times of India | America’s biggest investor Michael Burry says: Plain and simple, AI stocks are an asset bubble as ... AI generated summary, Read the full article for complete information. Michael Burry, the investor famed for forecasting the 2008 housing crash, has warned that the current surge in AI stocks mirrors the dot‑com bubble of the late 1990s and is likely an “asset bubble, plain and simple.” Citing a Business Insider report on Burry’s Substack post, he noted that 87 % of this year’s venture‑capital funding has gone to AI—far higher than the sub‑40 % share for internet firms in 1999—and that high‑yield debt tied to AI now stands at 38 %, comparable to the 40‑50 % levels seen during the dot‑com era. While cautioning investors, Burry disclosed purchases of Adobe, PayPal and Lululemon as part of a “mass whale fall” away from AI‑centric bets, arguing that many AI startups remain loss‑making and that the market’s enthusiasm is driven by speculative options and leverage rather than genuine enterprise value. He questioned the lasting utility of AI projects, pointing to studies showing limited practical outcomes and warning that demand could wane amid recessionary pressures, geopolitical risks, and consumer reluctance to pay for AI tools that are often available for free. His stark warning likened the market to “jumping the shark” and suggested a crash could be imminent, echoing the fate of the 1999 tech rally. Read more: https://timesofindia.indiatimes.com/technology/tech-news/americas-biggest-investor-michael-burry-says-plain-and-simple-ai-stocks-are-an-asset-bubble-as-/articleshow/131228898.cms #MichaelBurry #Substack #Adobe #PayPal #Lululemon

qwant news | Trump touted Palantir on Truth Social after buying the company's stock, records show AI generated summary, Read the full article for complete information. President Donald Trump bought shares of artificial‑intelligence software firm Palantir in early 2026, purchasing between roughly $247,000 and $630,000 of stock during the first quarter—seven trades in March alone totalling about $530,000—before publicly praising the company on his Truth Social platform, where he claimed Palantir’s tools had “great war‑fighting capabilities.” He later sold up to $5 million of Palantir shares on Feb. 10 and made additional sales over the next two weeks, while also acquiring sizable positions in other tech giants such as Nvidia, Apple, Amazon, Microsoft, ServiceNow, Workday, Oracle and Broadcom. According to the U.S. Office of Government Ethics, Trump’s investments are managed in fully discretionary, third‑party accounts that make all decisions independently, with the president and his organization having no role in selecting or approving individual trades. Read more: https://www.cnbc.com/2026/05/15/trump-palantir-stock-truth-social.html #DonaldTrump #Palantir #TruthSocial #MichaelBurry #TrumpOrganization

Al Jazeera – Breaking News, World News and Video from Al Jazeera | EBay rejects GameStop’s $56bn bid as ‘neither credible nor attractive’ AI generated summary, Read the full article for complete information. eBay has turned down GameStop’s $56 billion takeover proposal, calling it “neither credible nor attractive” and citing doubts over financing, potential impacts on eBay’s long‑term growth and the leadership structure of a combined firm. The bid, put forward by GameStop CEO Ryan Cohen—who owns a 5 % stake in eBay—relied on a $20 billion debt commitment from TD Bank and combined cash and stock payments, but analysts questioned whether the financing would hold up, especially given Moody’s view that the deal would be credit‑negative for eBay. eBay’s chairman Paul Pressler emphasized that under CEO Jamie Iannone the company’s turnaround has already delivered strong performance, with a 201 % stock gain in six years and a 31 % EBITDA margin, far outpacing GameStop’s 10 % margin. While Cohen argues that merging the two could generate cost synergies and leverage GameStop’s physical store network to better rival Amazon, investors remain skeptical, and the offer has already prompted some GameStop shareholders, such as Michael Burry, to sell their stakes. Read more: https://www.aljazeera.com/economy/2026/5/12/ebay-rejects-gamestops-56bn-bid-as-neither-credible-nor-attractive?traffic_source=rss #PaulPressler #JamieIannone #RyanCohen #MichaelBurry #EBay #GameStop #TDBank #Moodys #Amazon #