Michael Burry vindicated as Nebius drops over 17% and he warns of a coming chip glut
FROM THE WIRE · FINANCE.YAHOO.COM
Those who bet against the AI boom — or predicted it would all come crashing down sooner or later — are having a good week on the markets. First it was Nvidia [NASDAQ:NVDA], the AI darling at the heart of the boom, which lost about a third of its stock value since its peak in…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe slump in Nvidia and Nebius and the warning of a chip glut weigh on the AI and semiconductor sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Nvidia has lost about a third of its stock value since its early October peak.
- 02Nebius shares dropped over 17% in the session.
- 03Michael Burry warns of a coming chip glut in the AI sector.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA Corporation166.19 USDMarket closedtoday -4.34%Negative Nebius Group N.V.128.64 USDMarket closedtoday -16.84%Negative Advanced Micro Devices, Inc.585.30 USDMarket closedtoday +5.86%Negative Micron Technology, Inc.798.44 USDMarket closedtoday -1.59%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets