"The Big Short" Burry, who has been silent for many years, suddenly spoke out frequently in the past 7 weeks: shorting Nvidia, Palantir, betting on the AI bubble bursting in two years!

Over the past seven weeks, the usually mysterious Michael Burry suddenly stepped to the forefront, speaking out on topics ranging from Bitcoin, meme stocks, AI trends, to the Federal Reserve. This investor, famous for "The Big Short," used to post cryptic warnings on X (formerly Twitter), only to delete them seconds later and disappear for months or even years. Now, he has completely closed his hedge fund to external capital, focusing instead on Substack to write personal investment notes and share financial analysis. This article systematically summarizes his articles on Substack, dynamic content on X, and a recent podcast interview with author Michael Lewis, extracting and summarizing his core viewpoints and key details publicly disclosed to date. Bubble Watch After being quiet since April 2023, Burry returned to X in late October, expressing concern about the historic AI bubble. He warned that leading tech companies are facing slowing cloud computing growth, but still overinvesting in NVIDIA Corporation (NVDA.US) chips and data centers; inflating short-term profits by extending depreciation timelines; diluting shareholder value with high stock compensation; and maintaining heat through "you help me, I help you" contracts. Burry, famous for betting against real estate and making a fortune in the mid-2000s (as depicted in "The Big Short" by Lewis), compares the AI frenzy to the dot-com and real estate bubbles, predicting a similar disastrous outcome. He refers to OpenAI as "our era's Netscape," though bleeding money, and disclosed bets on the decline of NVIDIA Corporation and Palantir (PLTR.US), forecasting an AI bubble burst within two years. He advises investors profiting on popular assets to cash out promptly. According to his Substack content, in a conversation with Lewis called "possibly the last interview," he explicitly stated, "From the current situation, I believe the U.S. stock market is likely to experience multiple years of downturn." Burry further pointed out that Bitcoin is "ridiculous" at the $100,000 price level, essentially having "no intrinsic value," and even "worse than tulip bulbs" - at least tulips are only expensive, while Bitcoin also gives a green light to criminals. Currently, the price of this cryptocurrency has fallen below $90,000. On the other hand, he revealed holding gold since 2005 and referred to Alphabet Inc. Class C's parent company Alphabet as the "favorite of value investors" among large tech stocks. Stocks, Banks, and the Federal Reserve Burry told Lewis that the Federal Reserve, established over a century ago, has caused "a lot of trouble" and hasn't done much good, suggesting the U.S. Treasury could have a department to set interest rates and control money supply. He warned of "fragile" signs in the Bank of America Corp system and it collapsing "much faster than imagined." He also defended his previous predictions on regional bank crises, pandemic inflation, and meme stock crashes, claiming most of his forecasts "hit the mark." He shared details of his personal investment portfolio: replicating most of the original fund's positions, holding stocks in Lululemon (LULU.US), Molina Healthcare (MOH.US), Shift4 Payments (FOUR.US), Fannie Mae (FNMA.US), and Freddie Mac (FMCC.US). In his latest post released on Monday, he revisited key operational points before the January 2021 GameStop Corp. Class A (GME.US) price surge - at that time, he had just completed his liquidation. He admitted, "I had no way of foreseeing how the market would violently swing afterwards," and also announced plans for a dedicated new post to dissect the value logic and potential risks of investing in GameStop Corp. Class A as a current investment target. Burry also revealed his acquaintance with NVIDIA Corporation CFO Colette Kress for several years, having bought the chip stock as early as 2017 or 2018. As indicated by his Substack title "Cassandra Unchained," Burry is speaking out freely for the first time in many years, and it may just be the beginning.