44 days ago
Sath Ganesarajah of Bluebird Mining Ventures (BMV) still has not put up the two Bernies he promised immediately back in June. So shares in his company remain uninvestable. And there should really be a Stewards over those RNS's which caused so many to buy the shares at multiples of today's share price so Sath us in my bad books. But he has penned an interesting piece on the AI bubble that you might enjoy.
83 days ago
The hero of the big short, who made a killing ahead of the housing crash and GFC of 2008, Michael Burry, has called AI out as a bubble taking a $1 billion bet against Nvidia and Palantir (US:PLTR). The latter trades on a PE of 433 with a market cap of $452 billion but its CEO Alex Karp reckons shorters are guilty of market manipulation, that it is unpatriotic not to back his company and that it will all be different tis time. The video interview below with a sycophantic creep at CNBC makes me fear for the health of Karp as he talks utter piffle. It makes a compelling case for hating the MSM but also for shorting Palantir.
