
Burry Bets Pay Off as Chip-Stock Slump Undercuts AI Hype
Michael Burry, the
All articles tagged with #ai chip stocks

Michael Burry, the

Nasdaq futures slipped on AI-spending worries and fierce competition ahead of key earnings, with Nvidia, Micron, and Applied Materials among the decliners in premarket trading as investors brace for results from major tech names and a Fed decision.

AI chip stocks, led by Nvidia and AMD, rose as analysts reiterated bullish outlooks on the AI market, citing growth potential and market expansion, with Nvidia nearing a new buy point and other stocks like Broadcom and Marvell benefiting from the growth in application-specific integrated circuits (ASICs).