AI Sector Analysis: November 5, 2025
AI Stocks Fall on Burry Bet Despite $38B OpenAI-Amazon Deal
Olivia Sharp
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Major technology stocks fell sharply on Tuesday, sparked by Burry's bet against AI leaders, even as OpenAI and Amazon finalized a $38 billion cloud deal to secure massive new computing power. The Nasdaq Composite fell 2% as the $1.1 billion bearish wager from Michael Burry's firm overshadowed news of continued, large-scale infrastructure spending
Major technology stocks fell sharply on Tuesday, sparked by a prominent investor's bet against AI leaders, even as OpenAI and Amazon finalized a $38 billion cloud deal to secure massive new computing power. The Nasdaq Composite fell 2% as the $1.1 billion bearish wager from Michael Burry's firm overshadowed news of continued, large-scale infrastructure spending.
Key developments
- OpenAI and Amazon signed a $38 billion, seven-year cloud computing deal, according to company statements.
- A regulatory filing from investor Michael Burry disclosed a $1.1 billion combined bearish bet against Palantir and Nvidia, sparking a tech sector sell-off, according to …
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