Michael Burry says AI market crash blocking OpenAI, Anthropic IPOs would benefit humanity

  • Michael Burry said a market crash blocking OpenAI and Anthropic IPOs would benefit humanity.
  • Burry shifted some AI-related short positions into put options targeting a reversal within the next year.
  • OpenAI’s 2026 IPO remains uncertain, while Anthropic may list after November’s midterm elections.

Michael Burry, founder of Scion Asset Management, said on X Monday that a market crash preventing OpenAI and Anthropic from going public would benefit humanity, intensifying his warnings about an overheated artificial-intelligence sector. He said the companies could absorb and destroy trillions of dollars in capital, while users questioned whether his criticism was linked to his short positions. OpenAI CEO Sam Altman has said a 2026 IPO would be ill-advised given AI-safety concerns, while Anthropic is likely to pursue a listing after November’s midterm elections, according to a prospectus seen by Reuters. Burry said he is more confident than ever that his bearish thesis will play out within the next year and has shifted some short positions into put options. His bearish exposure includes Nvidia, Palantir, Micron, Oracle, the Nasdaq 100, June-dated puts on Micron and Nebius, and a semiconductor ETF position running until September 2027. The broader debate reflects investor concern over AI valuations, borrowing-driven data-center investment and the sector’s need for continued external funding.

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