Cassandra Unchained
It could be bubble exist in some companies (only). Some winners take all . Losers represent bubbles.
At this moment ....
Open Ai, $Palantir Technologies Inc.(PLTR)$
$谷歌(GOOG)$ is good
$英偉達(NVDA)$ good in long term . Flutuation until we understand how strong Google is
Michael Burry has effectively shut down his hedge fund, Scion Asset Management, by deregistering it with the SEC on November 10, 2025, and plans to return capital to investors by year-end. This follows his bearish bets against AI stocks like Nvidia and Palantir, which clashed with market optimism. In a letter to investors dated October 27, 2025, he cited his valuation estimates no longer aligning with current market dynamics.Immediately after, on November 24, 2025, Burry launched a paid Substack newsletter called "Cassandra Unchained" (priced at $379 annually), where he's sharing detailed analyses of an impending AI bubble, drawing parallels to the 1999-2000 dot-com era and critiquing supply-side overinvestment in tech infrastructure. His initial posts reference his early blogging days and warn of "supply-side gluttony" inflating earnings through tactics like extended asset depreciation.This pivot capitalizes on his 1.6 million X followers, who previously dissected his cryptic posts for market signals. It's a classic Burry move—stepping back from public trading scrutiny while monetizing his contrarian insights directly.
On November 25, 2025, Michael Burry followed through on the tease from his X post four days earlier ("On to much better things Nov 25th"), officially unveiling and expanding on his new Substack newsletter, Cassandra Unchained. This came one day after the platform's initial launch on November 24, where he published his debut post critiquing the AI bubble by drawing parallels to the dot-com era, focusing on "supply-side gluttony" in tech infrastructure spending, extended depreciation schedules inflating earnings, and overinvestment in Nvidia chips. The November 25 developments included:A dedicated CNBC article providing an "inside look" at Burry's analysis, featuring insights from his former associate portfolio manager Phil Clifton on how AI's economic hype outpaces its real-world value.
Nvidia's response: The chipmaker circulated a private memo to Wall Street analysts explicitly naming Burry and rebutting his claims on stock-based compensation and GPU depreciation lives (e.g., asserting 4-6 years based on utilization data, not the extensions Burry alleged).
Burry's quick counter on Substack, standing by his thesis and clarifying he wasn't equating Nvidia to Enron but highlighting structural risks in AI capex.
Burry had hinted at this pivot in mid-November X posts, including a Lord of the Rings-themed meme on November 16 promising "One chart to refute them all … to be continued Nov 25th, or before." The newsletter, priced at $379/year, positions him to share contrarian views directly with subscribers, bypassing hedge fund disclosure constraints after deregistering Scion Asset Management.
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