Michael Burry—the legendary investor who foresaw the 2008 housing collapse—is at it again. This time, he’s betting against the biggest names in artificial intelligence: Nvidia and Palantir. Burry reportedly wagered over 80% of his portfolio—more than $1.1 billion—on their decline, triggering panic across global markets and wiping out over a trillion dollars in value in a single day.
In this episode of In The Loop, I unpack exactly why Burry made this move, the financial mechanics behind his short, and what it could mean for the future of AI. I break down how money is flowing in ways that might not add up, and why I think the market’s reaction is missing the bigger picture.
⏭️ Episode Highlights
(01:00) – Who is Michael Burry, and why his market calls shake Wall Street
(04:10) – The circular money flow between Nvidia, OpenAI, Microsoft, Amazon, and others
(08:20) – Why Burry might be right about overvaluation—but wrong about a full-blown collapse
(12:00) – Why this might just be a temporary correction—not the end of the AI boom
🔗 Links & Resources
Episode transcript with more resources on the Mindset AI blog
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Jack Houghton
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