The Man Who Predicted The 2008 Market Crash Just Bet $1 Billion Against AI

Michael Burry—the legendary investor who foresaw the 2008 housing collapse—is at it again. This time, he’s betting against the biggest names in artificial intelligence: Nvidia and Palantir. Burry reportedly wagered over 80% of his portfolio—more than $1.1 billion—on their decline, triggering panic across global markets and wiping out over a trillion dollars in value in a single day.In this episode of In The Loop, I unpack exactly why Burry made this move, the financial mechanics behind his short, and what it could mean for the future of AI. I break down how money is flowing in ways that might not add up, and why I think the market’s reaction is missing the bigger picture.⏭️ Episode Highlights(01:00) – Who is Michael Burry, and why his market calls shake Wall Street(04:10) –  The circular money flow between Nvidia, OpenAI, Microsoft, Amazon, and others(08:20) – Why Burry might be right about overvaluation—but wrong about a full-blown collapse(12:00) – Why this might just be a temporary correction—not the end of the AI boom🔗 Links & ResourcesEpisode transcript with more resources on the Mindset AI blogIf you enjoyed this episode, rate, follow, and share! It helps others stay ahead of the latest AI trends. 🚀🤝 We’re SocialStay in the loop—even when you’re not listening to this podcast.Jack HoughtonLinkedIn - https://www.linkedin.com/in/jack-houghton1/ TikTok - @jackschats Mindset AiMindset AI website - https://bit.ly/40lJr6B Newsletter - https://bit.ly/ITLnewsletter LinkedIn - https://www.linkedin.com/company/mindset-ai/ YouTube - https://www.youtube.com/@GetMindsetAI TikTok - @get.mindset.ai