Michael Burry Says Big Tech Is 'Spending Wildly' on AI Because CEOs Expect to Be 'Granted an Oligopoly' That Can't Fall

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Michael Burry, 'The Big Short'-fame investor, said Tuesday that big technology companies' data center spending spree is driven by an expectation that the industry's winners will be protected as an oligopoly too large to fail. CEOs Are Betting on an Oligopoly "The only reason the CEOs of these tech monopolies are spending wildly on data centers like they are is because they assume they will be granted an oligopoly that is too big [to] fail," Burry said in a post on X. The only reason the CEOs of these tech monopolies are spending wildly on data centers like they are is because they assume they will be granted an oligopoly that is too big too fail.