AI万亿赌局：表外“幽灵债务”正在堆积

Core Viewpoint - Michael Burry, the inspiration behind "The Big Short," has indicated that the current market is filled with bubbles, particularly in the AI sector [1][3]. Group 1: Market Sentiment - Burry has established short positions in two popular AI stocks: Palantir (approximately $912 million) and NVIDIA (approximately $186.5 million) [3]. - The market is experiencing a significant rise, which may force Burry to cover his shorts despite his bearish outlook [3]. Group 2: Valuation Concerns - Palantir's market capitalization has reached $500 billion, with a staggering price-to-free cash flow ratio exceeding 245 times and a price-to-expected revenue ratio over 110 times for the current year [3]. - Even with projected revenue growth of 50% by 2026, the valuation remains alarming, with a price-to-earnings ratio of 75 times based on 2026 revenue estimates [4]. Group 3: Industry Risks - Investors are concerned that the current AI investment frenzy may lead to a collapse similar to the one depicted in "The Big Short," as tech giants' valuations have soared while initial investments in data center projects are not yielding profits [6].