Short Seller Michael Burry Shuts Down Scion Capital, Warns of Risks in Tech Giants
Deep News11-13
Renowned Wall Street short seller Michael Burry has terminated the registration of Scion Asset Management with the U.S. Securities and Exchange Commission (SEC). He criticized tech giants for adopting AI-driven capital expenditure accounting methods and issued warnings about potential risks in companies such as NVIDIA (NVDA), Palantir (PLTR), Microsoft (MSFT), Alphabet (GOOGL), Oracle (ORCL), and Meta Platforms, Inc. (META).
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