The AI Binge: Is Big Tech's Spending Model Doomed? Michael Burry recently sounded the alarm on the S&P 500, warning that big tech's massive investment in artificial intelligence (AI) is dragging down stock performance.
As an investor known for his contrarian views, Burry's prediction should not be taken lightly.
The AI Spending Spree Since ChatGPT burst onto the scene in late 2022, companies have been investing heavily in AI infrastructure.