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Michael Burry Warns of Anthropic Valuation Bubble

BeInCrypto +1 ·

UPS United Parcel Service Inc
$92.29 -0.88%
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  1. 1Michael Burry stated that Anthropic's valuation is a bubble, noting it could purchase 78 profitable companies within the S&P 500.
  2. 2He cited Anthropic's $965 billion valuation during its last private funding round in May.
  3. 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.

Source BeInCrypto +1 · View original ↗

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