Michael Burry increases short positions on AI-related assets, calling South Korean chip investments the beginning of the end

According to The Wall Street Journal, Michael Burry has shorted Tesla (TSLA), Caterpillar (CAT), Applied Materials (AMAT), and an exchange-traded fund (ETF) tracking chip manufacturers. Michael Burry questioned whether capital investments in the AI sector can translate into returns and commented on Substack regarding Samsung Electronics and SK Hynix announcing investments exceeding 500 billion US dollars to build a chip industry cluster, stating that this is the beginning of the end.