Michael Burry's Bearish AI Outlook and Amazon's Investment Value
AMZN Amazon.com Inc
$254.06 -2.25%
View chart & analysis → - 1Michael Burry is deepening his bearish outlook on AI stocks, stating a crash could occur soon.
- 2With Amazon's market capitalization reaching $2.7 trillion, it shows growth in both cloud and core non-AI businesses.
- 3Nvidia is trading at a 25x forward P/E ratio, with a projected revenue growth rate of 70% for the next fiscal year.
So what's the key point?
Michael Burry warned that AI-related stocks could drop significantly soon. Amazon is valued at $2.7 trillion as its non-AI businesses also continue to grow well.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.