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Michael Burry: AI Boom Risking Major Market Collapse

1/22/2026

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Story summary
  • Michael Burry, investor, warned on X that the AI boom is a bubble that will burst and impact the stock market and economy.
  • He cited OpenAI's challenges, including competition and losses.
  • He likened OpenAI to a dot-com failure and said it could be the next Netscape.
  • Some experts see the AI boom as temporary, but Jeremy Grantham argues a collapse is likely.