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Investing.com-- Michael Burry, famous for predicting the 2008 subprime mortgage crisis, returned to social media on Thursday after nearly two years, with a vague warning on market bubbles.
“Sometimes, we see bubbles. Sometimes, there is something to do about it. Sometimes, the only winning move is not to play,” Burry posted on X, along with an image of actor Christian Bale from the movie “The Big Short,” where Burry was portrayed by Bale.
It was not immediately clear what bubble Burry was referring to, although given recent market speculation over an artificial intelligence bubble, he could be referring to the fast-growing industry.
Concerns over an AI bubble grew in recent months, especially as investments by NVIDIA Corporation (NASDAQ:NVDA) in OpenAI, which is a major customer of the chipmaker, sparked fears of circular financing.
But Nvidia hit a record-high valuation of $5 trillion this week, amid hopes that the chipmaker will also benefit from improving U.S.-China trade relations.
Thursday’s post was Burry’s first social media appearance in roughly two years.
Burry had famously predicted and profited off the 2008 subprime mortgage crisis, which was depicted in “The Big Short.” He had in 2021 also sounded the alarm over a major speculative bubble in meme stocks and cryptocurrencies.
Burry, through his hedge fund Scion Asset Management, was last seen taking large positions in Chinese internet giants Alibaba Group (NYSE:BABA), JD.com (NASDAQ:JD), and Baidu Inc (NASDAQ:BIDU). He likely clocked strong returns on his positions after a stellar rally in Chinese tech stocks this year, especially after the release of DeepSeek in February.