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Michael Burry launches Cassandra Unchained on Substack to share his latest market bubble warnings and contrarian stock analysis.
A trader earned about $4 million in one day after Nvidia call options jumped 40% ahead of the company’s earnings.
European stocks climb about 1% as Nvidia earnings calm AI-valuation worries.
European markets dipped as investors recalibrated expectations of a U.S. rate cut and flagged overvaluation in the AI sector, while weak Chinese economic data added to global risk-off sentiment.
Palantir CEO Alex Karp criticizes Michael Burry’s billion-dollar short bet on Palantir and Nvidia as bewildering given their AI leadership.