Steve Iceman now sees the same threat that collapsed the mortgage market in the US 

A Game of Thumb investor named the top two risks to the AI sector in 2026

Apollo Global Management, Inc.

Apollo Global Management is going into "risk reduction mode" by building up cash reserves. Mark Rowan, head of one of the world's most influential investment companies, considers the markets overheated and warns of growing geopolitical and systemic threats.

'When something bad happens': Apollo lowers risks in anticipation of turbulence

Oracle Corporation

NVIDIA Corporation

Meta Platforms, Inc.

Microsoft Corporation

Constellation Energy Corporation

Three years have passed since OpenAI introduced the ChatGPT chatbot based on generative AI technology. It has generated euphoria, predictions of radical changes in the economy and daily life, an explosion of capital investment, a stock market boom, and, more recently, talk of a bubble. While money is still pouring into the AI field<b> </b>, some investors have begun to hedge against the AI bubble.

Is it possible to capitalize on a bubble in AI? The market has already found a way

Deutsche Bank's annual survey shows that investors are entering 2026 with a clear set of prioritized risks: fears of a bubble in AI and technology companies are at the top of the list, while scenarios that have previously shaken markets are hardly alarming this time around.

AI bubble and sharp rate cuts: Deutsche names investors' fears in 2026

Palantir Technologies Inc.

Cisco Systems, Inc.

Legendary investor Michael Burry, who predicted the 2008 mortgage crisis and was the hero of the book and movie "The Downgrade," <a href="https://oninvest.com/article/rynok-zdet-neskol-ko-trudnyh-let-glavnoe-iz-interv-u-b-urri-avtoru-the-big-short">says</a> there is a bubble in the market that is "eerily" reminiscent of the dot-com bubble. In his recent posts on social networks X and SubStack, he predicts that the current leaders of the AI race will repeat the fate of the investor favorites of the 1990s, whose fame faded after the collapse of the bubble. Oninvest looked at three of his key analogies to see what lessons Burry believes history has in store for today's investors.

Lessons from history: will Nvidia, Palantir and OpenAI repeat the fate of the stars of the dot-com bubble?

The return of network equipment maker Cisco Systems' shares to March 2000 price levels last week has prompted new comparisons of the current boom around artificial intelligence to the dot-com bubble of the late 1990s, The Wall Street Journal (WSJ) <a href="https://www.wsj.com/finance/stocks/the-eerie-parallels-between-ai-mania-and-the-dot-com-bubble-f99be6fe">notes</a>.

AI fever vs dot-com bubble: WSJ finds 5 similarities and 2 differences

Investors will have to accept a difficult dilemma: there is no safe way to capitalize on the revolution. There is no way to predict the moment of collapse, and many will lose money, warns investment guru Howard Marks  

The Optimism Trap: Howard Marks on where the market is misguided about the bubble

The head of ARK Invest explains why an accelerating U.S. economy will crash protective asset prices and where the market bubble is actually inflating

'Reaganomics on steroids': what Cathie Wood expects from gold, bitcoin and stocks

Investors see the region as a new center of capital and technology

"The new Silicon Valley": why is Ray Dalio betting on the Middle East?

The legendary investor, in an interview with the author of the book that made Burry famous, explains the logic behind his investment decisions and gives a pessimistic outlook

"The market is in for a tough few years": highlights from Burry's interview with The Big Short author

CoreWeave, Inc.

There is virtually no debt on OpenAI's own balance sheet

OpenAI partners have racked up $100bn of debt to fund the startup's ambitions - FT

The European regulator does not agree that a bubble has formed in the market

Bubble