Jim Chanus, who contradicts Wall Street, says he is betting on the 7961 % shares in 30 months.

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“Founder Kynikos Associats and the legendary short seller, Jim Chanus, reveals companies that are believed to be prominent in default.

In a new interview at the Forbes Iconoclast Summit 2025, Chanos He says Companies that are likely to fade due to the progress of artificial intelligence (AI) tops its short list, including the American giant American business company (IBM).

“We believe that there are a number of companies that float on the popup that will be on the highway on the highway of artificial intelligence. Currently, similar to the early and medium part of the DOT-Com boom, all shares are amplified.

But there are a lot of companies that have business models, if you think that, you will see them greatly broken due to the abilities of artificial intelligence because artificial intelligence improves and better. We call them either body stores or artificial intelligence products that will be competed in the first place …

I will not give you a group of names, but one of our old names in that group where we were short and stopped since 2020 was IBM, which was a good stock in the year and a half last year. It has multiplied mainly, and after 10 years decrease. But it is circulated in the high assessments at all. It does not grow. It is an army store …

We believe that it will continue to melt, not immediately, but artificial intelligence will continue to harm information technology and information technology stores. ”

IBM is trading for $ 268 at the time of writing this report, an increase of about 60 % in the past 12 months.

There is another company on the short Chanos menu, Carvana (CVNA), which rose by 7,961 % at the last 30 months after trading at $ 4.23 in January 2023.

“We think so [Carvana is] The story of misunderstanding is still …

What caught our attention and made it in time is the aspects of location, which these days, on the short side, is really task. No. One, short interest is due to its lowest levels in several years, from being one of the most largely brief stocks in the market in 2023, and it has now returned down and returns towards its previous levels of short interest where the percentage of percentage shares decreases, less than 10 %.

But perhaps it is more fateful that the insiders have started selling in an absolute torrent of stocks … it is to a large extent that the C-SUite apparently comes out as quickly as possible. ”

Carvana is trading at $ 341 at the time of writing this report.

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