Michael Burrys latest bearish bets on artificial intelligence (AI) stocks have sent tremors through global technology markets, and the ripples have reached Dalal Street.

Hedge fund billionaire Michael Burry recently made a billion-dollar bet against Palantir and Nvidia, two of the most popular artificial intelligence (AI) stocks.

The S&P 500 declined 1.6% last week as weak jobs data and high valuations triggered a reassessment of bullish sentiment. Read more about the market here.

Stagwell CEO Mark Penn described the initiative as the "holy grail of marketing" and projected hundreds of millions of dollars in potential revenue. The platform is currently being tested by media ...

The tech-heavy Nasdaq Composite index had its worst week since April, which was sparked by the revelation of a well-known hedge fund manager's bearish bets on popular AI stocks Nvidia and Palantir.