And the counterpoint is that META, GOOG, AMZN, MSFT are all betting their companies that AI is the next move. Just yesterday, GOOG lent another $80 billion to be invested in their AI hardware, and they're also investing their own stock in AI hardware, for a cumulative investment of already over $1 trillion. Clearly the tech sector thinks this is worth it.
And of course the people deciding in FANG companies actually have numbers, Michael Burry has the same numbers you have. So these investments are "worth it" according to people with inside information. What Burry is doing, in one perspective, is calling out the leadership of FANG companies. Now that's the job of a short-seller of course. But that's the bet being made.
https://michaeljburry.substack.com/
And the counterpoint is that META, GOOG, AMZN, MSFT are all betting their companies that AI is the next move. Just yesterday, GOOG lent another $80 billion to be invested in their AI hardware, and they're also investing their own stock in AI hardware, for a cumulative investment of already over $1 trillion. Clearly the tech sector thinks this is worth it.
And of course the people deciding in FANG companies actually have numbers, Michael Burry has the same numbers you have. So these investments are "worth it" according to people with inside information. What Burry is doing, in one perspective, is calling out the leadership of FANG companies. Now that's the job of a short-seller of course. But that's the bet being made.