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Markets are plunging worldwide after 'Big Short' investor Michael Burry reveals $1.1 billion bet against AI stocks
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Markets are plunging worldwide after 'Big Short' investor Michael Burry reveals $1.1 billion bet against AI stocks

1 min read

Wall Street expects tech stocks to take a hammering this morning—again.

Yesterday, the Nasdaq Composite was down 2.04%, Palantir lost nearly 8%, Reddit lost 8.4%, Nvidia was down 4%, and Softbank lost 10% at one point. The markets are highly vulnerable to a selloff in tech stocks. In October, tech stocks tracked by Bank ... [2064 chars]

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Source: Fortune

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