Michael Burry Warns of Anthropic Valuation Bubble
UPS United Parcel Service Inc
$92.29 -0.88%
View chart & analysis → - 1Michael Burry stated that Anthropic's valuation is a bubble, noting it could purchase 78 profitable companies within the S&P 500.
- 2He cited Anthropic's $965 billion valuation during its last private funding round in May.
- 3Michael Burry expects the stock market to be in a negative phase that will last for 6 to 9 months.
So what's the key point?
Michael Burry warned that Anthropic's valuation is too high and has become a bubble. He noted that Anthropic's value has reached $965 billion and stated that market conditions are currently unfavorable.
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