Michael Burry, whose fund is against Nvidia and Palantir, invests in Chinese stock

Michael Burry, famous for predicting the 2008 housing crash, has increased his stake in Alibaba, citing its AI strategy and buyback program as undervalued. He contrasts this with his bearish view on U.S. AI companies, warning of inflated valuations. Burry also expressed skepticism about Anthropic's nearly $1 trillion valuation, deeming its AI model business unsustainable at that price.

By TOI TECH DESK