There’s no question anymore about whether AI is real or meaningful.

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The data is undeniable:
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• AI now powers $109B in private U.S. investment
• There are 400+ AI unicorns globally
• 71% of enterprises are already using AI in core functions
• 89% of small businesses now rely on AI tools
• The global AI market is on pace to reach $826.7B by 2030
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The issue isn’t whether AI delivers impact — it clearly does.

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The question now is how much is already “priced in”:
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• Just 10 stocks (Mag 7 + PLTR, ORCL, AVGO) drove 80% of S&P 500 gains this year
• AI-linked names now account for a record share of future GDP expectations
• Their valuations assume smooth scaling, perfect execution, and constant capital access
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That’s the backdrop for Michael Burry’s move: large put positions against Nvidia and Palantir. Not because he doubts AI itself — but likely because markets may be acting like nothing can go wrong.
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It's not about AI being a bubble — it’s about valuations expecting a future with zero friction.

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Which raises the real question:
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What happens when AI’s exponential growth hits real-world constraints — whether that’s economic strain, political pressure, or physical limits?

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