Burry Bets Nearly $1 Billion Against AI Stocks, Warning of Bubble Risks
- Massive Bearish Bet: Michael Burry's Q3 filings reveal nearly $1 billion in put options against AI stocks like Nvidia and Palantir, indicating skepticism towards AI market valuations that may prompt a reassessment of these equities.
- Bubble Risk Warning: Burry draws parallels between the current AI market and the historical dot-com bubble, suggesting that excessive investment could lead to market corrections, urging investors to be cautious of high-risk strategies.
- Heightened Market Scrutiny: Burry's bets have sparked widespread debate over AI stock valuations, particularly pressuring Nvidia and Palantir, which may affect their market sustainability and investor confidence.
- Demand Authenticity Concerns: Burry highlighted on social media that the true demand for AI hardware is
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00933 | 0.0149 | 0.02 | 0.0256 | 0.0307 | 0.0363 | 0.0414 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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