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Michael Burry Shuts Down Scion Asset Management as AI Market Euphoria Peaks
Michael Burry — the contrarian investor made famous by “The Big Short” — is closing Scion Asset Management, marking a dramatic retreat from public markets at a time when valuations in major U.S. technology companies have surged to historic extremes.…
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Market Reversal: Wall Street Rethinks AI as Valuation Fears Ripple Through Tech
NEW YORK — Wall Street’s long-running infatuation with artificial intelligence hit another pause on Tuesday as investors pulled back from big technology names, sending the S&P 500 and Nasdaq into the red amid renewed doubts about whether AI’s profits can…