RESOLVING THE LEDGER
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Michael Burry rose to prominence as one of the hedge fund managers who foresaw the 2007-2009 housing market collapse , a prediction later detailed in the book and feature film The Big Short . That one correct call effectively cemented his reputation as a skilled short-seller , or an investor who profits when stock prices decline.
In recent years, Burry has been vocal in his skepticism about the artificial intelligence (AI) boom, arguing that many AI-related stocks trade at valuations disconnected from reality. Now, Burry has disclosed a fresh short position in Palantir Technologies (NASDAQ: PLTR) , publicly asserting that the shares are intrinsically worth less than $1.
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