AI Stocks Plunge as Michael Burry's Bubble Warning Gains Attention
Michael Burry's warning about an AI bubble resurfaces as Wall Street loses over $2 trillion in market value on November 5. AMD shares dropped 12%, SanDisk 14%, Micron 10%, Nvidia nearly 7%, while Tesla and Palantir fell 9% and 8%. The sell-off affected chipmakers, memory firms, and AI infrastructure stocks, with the Dow down 2.36%, S&P 500 down 3.11%, and Nasdaq down 4.20%.
Economic Times·

