Stock short selling on rise despite market upturn

Stock short selling has been on the rise despite the country's stock market sharply rebounding from a rout caused by a crash in chipmakers and artificial intelligence (AI)-related shares, data showed Sunday. According to the data from the Korea Exchange (KRX), outstanding short selling reached some 19 trillion won (US$

Michael Burry from "The Big Short" has some concerns. Bloomberg/Getty Images The AI boom is echoing the Internet and housing bubbles, Michael Burry says. He recalled the same kind of unshakable optimism before the dot-com crash and financial crisis. Burry said the AI boom poses a far greater threat to investors and th

Burry has spent months warning that the extraordinary sums being poured into AI infrastructure could be creating some of the same financial distortions that helped bring down Enron.