00:00It's Benzinga bringing Wall Street to Main Street.
00:02Investor Michael Burry backed Citadel CEO Ken Griffin's warning that GPU prices could collapse
00:09due to overcapacity. In an ex-post on Monday, Burry responded to Griffin's remarks at the
00:14October 21st Future of Global Markets Conference, where Griffin warned that GPU pricing could go
00:20into freefall once supply exceeds demand. Burry called the assessment obvious to most with a
00:25working brain cell. Griffin also said investors are almost certainly in an AI bubble. Burry has
00:32separately warned that speculation has overtaken investing and stock indices appear overstretched.
00:37He cautioned that investors could face another 15 to 20 years of negative or minimal real stock
00:43returns. Burry also suggested that stocks down more than 40 percent from their peaks could offer
00:48a haven during a prolonged bear market. For all things money, visit Benzinga.com.
