Palantir CEOAlex Karp ranted against short-sellers, calling out specifically Michael Burry after a filing revealed the investor of “The Big Short” fame had bets against the AI software company, as well as Nvidia, at the end of the last quarter.
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252 sats \ 5 replies \ @freetx 4 Nov
I generally think Burry is wrong. Not from a principled standpoint, he's right that we are in a massive "bubble". Rather, I think he doesn't understand the money printing is not going to stop and must accelerate.
Burry to me seems to argue "how a free-market should behave" instead of recognizing we are a completely controlled economy.
Even his famous "big short" was only true for a few years....the REIT bubble complete re-inflated.
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83 sats \ 0 replies \ @SimpleStacker 4 Nov
Another key difference between this and the real estate bubble was that individual consumers, moms and pops, were leveraging to their eyeballs to buy houses during the real estate bubble. Not sure how much leverage is being used, especially by retail, to buy ai stocks
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9 sats \ 1 reply \ @ihatevake 4 Nov
"The market can stay irrational longer than you can stay solvent."
-John Maynard Keynes
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0 sats \ 0 replies \ @Solomonsatoshi 5 Nov
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0 sats \ 1 reply \ @Solomonsatoshi 5 Nov
Without rare earths the US bet on AI comes to a crashing halt.
China just gave Trump another 6 months ~ limited supply.
Then there's the small issue of your massive lack of new electricity generation capacity to power all these data centres needed for the projected AI program.
China is building 12 new nuclear power stations for the one the US is building.
Electricity supply in China is huge and priced at below half the price US consumers pay- that gap is only growing.
AI- Its a massive last ditch desperate gamble from an empire in decline trying to stay ahead of China and - it does not look promising.
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0 sats \ 0 replies \ @Solomonsatoshi 5 Nov
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36 sats \ 0 replies \ @Solomonsatoshi 5 Nov
AI is the wests last chance to keep a competitive advantage over China.
We have lost on every other major post industrial sector so far.
The west will fail to win the AI race too because we do not have enough electricity to implement the planned massive data centres without causing huge price increases and or rolling power cuts.
Chinas economic powerhouse has been built upon cheap electricity and they are building 12 new nuclear plants for the one the USA is building- and they build those 12 new nukes for the same cost as the one the USA builds.
Game over US imperialism.
You cannot even fight a war without rare earths and China has only given you a drip feed of them for the next twelve months while they attain their 4 nm microchips.
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36 sats \ 0 replies \ @OT 4 Nov
I read a ZH piece about this yesterday.
https://www.zerohedge.com/markets/80-michael-burrys-13f-palantir-and-nvidia-puts
They point out a tweet that he did wrote in 2023 saying "SELL" and that the stock market is up >60% since.
Directionally correct, the trouble is timing.
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