Nvidia set to lose $180 billion in market value today as Meta weighs Google chips
Investing.com -- Michael Burry, the investor known for predicting the 2008 housing market crash, has started a paid newsletter on Substack called "Cassandra Unchained" days after shutting down his hedge fund Scion Asset Management.
"I am not retired," Burry wrote on Substack, noting that the blog now has his "full attention." The newsletter, which costs $39 per month, has already attracted more than 21,000 subscribers.
Burry announced his return on X (formerly Twitter), referencing his past market calls including his skepticism about Amazon in 2000 and drawing parallels to current Federal Reserve Chairman Powell’s 2025 comments about AI company profitability.
The investor has published two articles so far: "Foundations: My 1999 (and part of 2000)" and "The Cardinal Sign of a Bubble: Supply-Side Gluttony," where he discusses what he sees as an AI bubble.
Burry explained that managing money professionally came with regulatory constraints that "effectively muzzled" his ability to communicate freely, leading to misunderstandings around his SEC filings that created market turmoil he never intended.
Recently, Burry has increased his criticism of technology companies including Nvidia and Palantir, questioned the cloud infrastructure boom, and accused major providers of using aggressive accounting to inflate profits from hardware investments.