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Michael Burry of "The Big Short" is bearish on artificial intelligence (AI) stocks.
NVIDIA is up 23% this year, but Micron and SanDisk have left it in the dust with gains that few analysts thought possible. Now Wall Street is drawing a roadmap to prices that would require the whole cycle to repeat itself all over again.
AMD (AMD, Financials), Nvidia and other AI chip stocks fell premarket trading after OpenAI paused training and testing of some advanced artificial intelligence models while it strengthens safety controls.AMD shares declined about 2.5%, while Intel dropped more than 3%. Nvidia and Broadcom (AVGO) we…