Warren Buffett sits on a record $397B in cash while Michael Burry shorts AI for $1B, betting it's 1999 all over again
Key takeaways
- While investors pour into the market, riding the updraft of wildly successful artificial intelligence stocks, two men wait for it all to come crashing down.
- “We’ve never had people in a more gambling mood than now,” Buffett told CNBC (1). “Absolutely non-stop AI.
- Here’s how to get rich from rising US property values with as little as $100 — and without the stress of angry tenants
Warren Buffett sits on a record $397B in cash while Michael Burry shorts AI for $1B, betting it's 1999 all over again Daniel Zuchnik/Wire Image, Astrid Stawiarz/Getty Images Robyn Tellefsen Wed, May 27, 2026 at 7:15 PM GMT+7 7 min read Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
While investors pour into the market, riding the updraft of wildly successful artificial intelligence stocks, two men wait for it all to come crashing down. These men are Warren Buffett, one of the most successful investors and Michael Burry, who predicted the 2008 housing crash. And neither investor is impressed by today’s market.
“We’ve never had people in a more gambling mood than now,” Buffett told CNBC (1). “Absolutely non-stop AI. Nobody is talking about anything else all day,” said Burry in a recent Substack post (2).