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-0.000111179053866308 -0.000500305742398151 0.000166768580799384 0.000277947634665534 0.00138973817332814 0.00133414864639491 0.00233476013119121 0.0138973817332814
Stock impact report

‘Big Short' investor Michael Burry piles misery onto tech stocks after Oracle fails to close AI debt deal [Fortune]

Palantir Technologies Inc. - Class A (PLTR) 
Company Research Source: Fortune
The decline was led, as usual, by technology stocks. Oracle was down 5.4% and its AI data center rival CoreWeave lost more than 7%. Two things pummeled the tech sector: First, “Big Short” investor Michael Burry published a chart from Wells Fargo on X showing that stocks now composed a greater portion of U.S. household wealth than real estate. That has happened only twice before in history, once in the 1960s and then again immediately before the dot com crash of 2000. “The last two times the ensuing bear market lasted years,” Burry said. Recommended Video “Reasons for this are many but certainly include the gamification of stock trading, the nation's gambling problem due to its own gamification, and a new ‘AI' paradigm backed by trillions [of dollars] of ongoing planned capital investment backed by our richest companies and the political establishment. What could go wrong?” Burry argued. Of course, Burry has a conflict of interest in the form of a $1.1 billion short bet again Show less Read more
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