Berkshire Hathaway’s cash reserves hit $397 billion while Michael Burry shorts AI stocks with $1 billion in puts on Nvidia and Palantir.
Berkshire Hathaway’s cash reserves surged to a record $397 billion as Warren Buffett avoids deploying capital amid market exuberance. The firm’s chairman has historically favored caution during speculative rallies, citing limited attractive opportunities in his 60-year career.
Michael Burry, known for predicting the 2008 housing crash, has taken a $1 billion short position against AI stocks, purchasing puts on Nvidia and Palantir. Both investors express skepticism about the current market, comparing sentiment to the late-1990s tech bubble.
The moves contrast with broader market trends, where AI-driven stocks continue to rally despite warnings of overvaluation from high-profile investors.