Missed the AI Rally? Michael Burry Is Betting on Copper Instead
Copper futures touched a record $6.95 a pound intraday on September 22 and closed at a record $6.92. The gain arrived a day after Michael Burry named a copper miner as his indirect artificial intelligence (AI) bet. The rally has accelerated since mid-September as Chinese buyers stocked up ahead of the holidays. Copper Leaves Gold The post Missed the AI Rally? Michael Burry Is Betting on Copper Instead appeared first on BeInCrypto.
Key Takeaways
- Copper futures touched a record $6.95 a pound intraday on September 22 and closed at a record $6.92.
- The gain arrived a day after Michael Burry named a copper miner as his indirect artificial intelligence (AI) bet.
- The rally has accelerated since mid-September as Chinese buyers stocked up ahead of the holidays.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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