Michael Burry Avoids AI Stocks, Bets on Five Undervalued Firms
Investor Michael Burry has fully invested in five undervalued stocks: QXO, Sprouts Farmers Market, Build-A-Bear, Birkenstock, and MercadoLibre. He criticizes the AI-driven market enthusiasm, warning of inflated valuations, increasing AI-related debt, and potential risks. Burry compares the current AI optimism to past market bubbles, signaling caution despite his bearish stance on AI trades.
ET Markets·49m ago