The AI ​​race

"Data center growth is a clear sign that AI is bearing fruit"

Five of seven companies in the so-called magnificent seven have shown their cards for the latest quarter and all except Apple reported double-digit growth. Carnegie's fund manager Johan Grip calls it a "strong quarter" for the giants, he tells his own website.

The fact that growth was so strong in data centers is considered by Grip to be a "clear sign" that AI investments are bearing fruit.

- It is also notable that the four big players all increased their investment plans for next year, which is of course positive for Nvidia and other semiconductor companies.

“Big Short” Profile Shorting AI Companies Nvidia and Palantir

Investor Michael Burry, known from the movie “The Big Short,” has taken large short positions on AI companies Nvidia and Palantir.

According to Business Insider, his fund Scion Asset Management has bought put options worth about $186 million in Nvidia and $912 million in Palantir in the last quarter.

Palantir fell 8 percent on Wall Street despite a strong first quarter, while Nvidia fell 4 percent in the general AI frenzy.

Palantir CEO: Michael Burry is “absolutely fucking crazy” to short us

Analysis firm Palantir CEO Alex Karp is noticeably upset when he is interviewed by CNBC’s Squawk Box about the company’s interim report.

– It’s absolutely fucking crazy, he says, that “The big short” profile Michael Burry has entered as a short seller in Palantir.

Karp is known for drastic statements and speaking in emotion. In the interview, he promises to fight back against the short sellers by delivering strong figures in the future.

– Among other things, to make them poorer.

In the initial trading on Wall Street, Palantir falls about 8 percent. Despite a strong report and raised forecast.

Palantir has billionaire Peter Thiel as a major owner and has been the subject of several controversies. Customers for the company’s analysis tools include police agencies and intelligence agencies.