this post was submitted on 06 Nov 2025
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Fuck AI

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Burry’s fund, Scion Asset Management, disclosed on Monday that it bought puts — bets that share prices will fall — on two stars of the AI wave: Nvidia and Palantir. Scion bought roughly US$187.6 million in puts on Nvidia and $912 million in puts on Palantir, according to Securities and Exchange Commission filings.

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[–] LoveCanada@lemmy.ca 6 points 1 week ago

Not yet. I think the burst is coming. There are plenty of signs and Ive read more than one economist, including the head of the Bank of Canada, worrying about the effects on the economy when it does: "The Bank of Canada's October 2025 Monetary Policy Report noted that a sharp correction in AI stock valuations could undermine consumer confidence in both the US and Canada, potentially leading to a widespread economic downturn."

I think the sh*tstorm is just around the corner. And those who have been crowing about their massive gains in the market are either going to wisely sell now, or get a huge beating when the rollercoaster starts to slide down.