Michael Bury: Increase short selling of AI related assets, calling South Korean chip investment the beginning of the end

According to The Wall Street Journal, Michael Bury shorted Tesla (TSLA), Caterpillar (CAT), Applied Materials (AMAT), and an exchange traded fund (ETF) that tracks chip manufacturers. Michael Bury questioned whether capital investment in the AI field could be converted into returns, and stated on Substack that the announcement by Samsung Electronics and SK Hynix to invest over $500 billion in building a chip industry cluster is the beginning of the end.