Michael Burry joined Citadel and its founder Ken Griffin, who argues that GPU prices could collapse if supply outpaces demand. At the Future of Global Markets conference on October 20 and 21, 2026, Griffin compared the risk to the 2000 fiber-optic bubble and said the AI market was almost certainly in a bubble. Burry said on October 26, 2026 that the risk of overcapacity was obvious, while estimating that hyperscalers could be understating their hardware depreciation expenses by approximately $176 billion between 2026 and 2028. Meanwhile, the Philadelphia Semiconductor Index fell 11.4% in a week, its worst performance since April 2025, and BTIG expects the semiconductor downturn could extend into 2027.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
