Burry says that spending too much on AI can drain cash, make borrowing more expensive, and make profits look bigger on paper, but the real cost is hardware wear and tear.
Churchill Downs isn’t just about one race weekend a year. The company is expanding casinos and historical racing venues designed to produce recurring gaming revenue, and investors are weighing whether that investment phase will pay off.
If investors are waiting for less market volatility, they’ll have to wait a little longer. The markets continued to oscillate between losses and gains as investors digested the impact of the U.S. Supreme Court’s decision to strike down the emergency tariffs imposed by the Trump administration.
