Michael Burry Says Big Tech Is 'Spending Wildly' on AI Because CEOs Expect to Be 'Granted an Oligopoly' That Can't Fall
Michael Burry said Big Tech's AI spending spree is driven by an expectation of an oligopoly too large to fail.
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BlackRock, Charles Schwab, Dick's Sporting And More On CNBC’s ‘Final Trades’
Stephen Weiss picks Dick's Sporting Goods, supported by Wells Fargo's upgrade. Jim Lebenthal's final trade is BlackRock, recommended by Evercore ISI's analyst upgrade. Shannon Saccocia recommends iShares U.S. Industrials ETF and Joseph M. Terranova mentions Charles Schwab breaking up.
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