Wall Street Breakfast Michael Burry bets against AI
21 snips
Nov 4, 2025 Michael Burry is betting against AI giants Nvidia and Palantir, igniting a fiery response from Palantir's CEO, who labels him 'bats--- crazy.' Concerns over AI valuations are rattling the Nasdaq, as market corrections loom. Meanwhile, a founder faces serious allegations of massive misappropriation, leading to a bankruptcy probe. Uber's outlook is sliding, and other notable earnings reports highlight the market's volatile landscape. Cognizant is also set to enhance AI integration within its services.
AI Snips
Chapters
Transcript
Episode notes
Big Short Bets Against AI Leaders
- Michael Burry is shorting AI leaders by buying puts on NVIDIA and Palantir, signaling skepticism about the AI trade's valuation.
- He cited slowing cloud growth and dot‑com–level tech capex as evidence the rally may be overheating.
Palantir CEO Fires Back At Burry
- Palantir CEO Alex Karp publicly slammed Burry's positions as "bat‑f**k crazy" and vowed to celebrate if proven wrong.
- His reaction underscores the personal and public tensions that high‑profile activist trades can create.
AI Fears Weigh On Markets, But Not Dead
- AI valuation worries are a drag on the market with the Nasdaq weakest among major averages.
- Strategists think a healthy correction is likely but view AI as an enduring market backbone.