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Burry warns AI spending by big tech hits S&P 500
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Michael Burry commented on rising AI spending by big tech companies.
Data from Bloomberg shows Alphabet, Microsoft, Amazon, Meta, Oracle, Micron, and Tesla hurt S&P 500 performance since June.
Burry stated 'The market has voted and the results are clear' regarding the impact.
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Rajeev Chandrasekhar / Jupiter Capital interests historically