Does Michael Burry Get Value Investing... or AI?: Shuli Ren

Michael Burry, star of The Big Short, is too famous for his own good.

News that his Scion Asset Management has decided to return outside capital is sparking conversations about his motives and whether the AI-driven stock rally has gone too far. In recent days, the self-acclaimed value investor has been bearish on the artificial intelligence investment boom, saying that the hyperscalers are inflating their earnings.

True to his words, in the third quarter Scion purchased put options — which bet on price declines — on chip designer Nvidia Corp. and data analytics firm Palantir Technologies Inc., according to Securities and Exchange Commission filings. ...