'Big Short' Michael Burry increases short position in AI sector, says South Korea's huge chip investment is 'the beginning of the end'

BlockBeats news, July 2 – Michael Burry, the real-life inspiration for "The Big Short," has recently expanded his short positions in the AI sector, targeting Tesla, Applied Materials, Caterpillar, and the semiconductor ETF SOXX. Burry stated that South Korea's recently announced investment plan to build a large-scale chip cluster is "the beginning of the end" of the AI hype, questioning whether the continuously increasing capital expenditures can generate corresponding returns.

Burry also maintains his bearish stance on Nvidia and is betting on a decline in SOXX through put options. He previously predicted that the stock prices of Nvidia and Palantir Technologies will see significant corrections in the coming years, believing that the current valuation of the AI sector carries bubble risks.