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Michael Burry, known for predicting the 2008 financial crisis in "The Big Short," has placed a significant bet against AI stocks, specifically Nvidia and Palantir, with a potential payout of $1 billion. This move comes as Burry warns of an AI bubble, comparing it to the housing market crash he previously predicted. Burry's actions have sparked discussion and market reactions, with some analysts agreeing with his stance while others question his strategy.

Michael Burry, known for his successful bet against the U.S. housing market in the 2000s, has recently placed significant bearish bets against two prominent artificial intelligence (AI) companies, Nvidia and Palantir. Burry's investment firm, Scion Asset Management, has purchased put options on these companies, indicating a belief that their stocks may decline in the near future. This move has been interpreted by some as a warning against the current AI boom, drawing parallels to the dot-com bubble of the early 2000s. Palantir's stock price has already reacted to this news, experiencing a slide due to concerns about its valuation in the AI sector. Alex Karp, the CEO of Palantir, has publicly criticized Burry's actions, describing them as "bats--- crazy." Burry's total bet against Nvidia and Palantir is estimated to be around $1.1 billion.

Michael Madsen, renowned for his roles in Quentin Tarantino films, has passed away at 67.