Michael Burry of “The Big Short” fame warns of inflated tech stock valuations amid fears of an AI bubble

Best known for predicting the 2007 – 2008 subprime crisis that ultimately escalated into a full-blown financial crash, Burry argued in a recent Substack post that several Nasdaq-100 tech companies have repeatedly misreported stock-based compensation over the past decade, overstating earnings by around 20% and leading investors to buy stocks......

AI boom drives SK Hynix to pay $477,000 bonus per employee

After removing its previous bonus cap last September, SK Hynix is set to pay out 10% of its annual operating profits to employees as performance-based bonuses this year. With memory prices at record highs, analysts predict the company will generate about 250 trillion won ($169 billion) in operating profit, putting......