Michael Burry, who shorted the housing market in 2008, has bet over $1 billion that the shares of AI companies Nvidia and Palantir will fall.
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  • AnyOldName3@lemmy.worldEnglish
    4 months

    There was quite a lag between the variable-rate mortgage rates going up and everything noticeably exploding, so lots of people who were aware there was a real risk of things going tits up decided that it hadn’t and therefore wasn’t going to and had stopped looking for signs by the time they started to appear.