Happy Wednesday! Legendary investor Michael Burry — the man who predicted the 2008 crash — is now turning his sights on the AI sector. Could history be repeating itself? Read on to see his massive short position and why his conviction is a move worth watching.

Also, Bitcoin whales are on the move, sending shockwaves through the crypto market as Bitcoin hovers around $100,000 and major altcoins tumble. With over $1 billion in liquidations and veteran holders offloading coins to newcomers, the stage is set for either a sharp rebound — or a historic sell-off. Read on to see what market insiders say is the next move and why it could change everything.

Plus, if you’re looking for a next-generation commuter airline and air mobility innovator, check out today’s sponsor.

Benzinga Survey: In yesterday’s poll, 79% of RTB readers correctly predicted AMD would beat estimates, keeping RTB’s perfect record going this quarter.

Next up: AppLovin and Robinhood report after the bell today. Will they beat estimates? Vote now and see the results.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

Michael “Big Short” Burry Reveals Massive Bearish Bet On Palantir And Nvidia — See His Latest Warning

Michael Burry is back at it again. The investor who famously predicted the 2008 housing crash is sounding the alarm, this time targeting the AI sector.

Drawing eerie parallels between today’s AI frenzy and the dot-com bust of 2000, Burry suggests that AI companies and investors are making a big mistake. And with over $1 billion in bearish bets against AI giants in Nvidia and Palantir, his warning isn’t just talk —it’s conviction and a move worth paying attention to.

Regional Air Mobility Could Be The Next Evolution Of Air Travel, And This Company Is All In

Regional air travel is getting a second look as travelers fed up with congested airports and roadways seek greener and cheaper ways to get around, with a NASA-funded Georgia Tech study suggesting there’s significant demand for such services. 

But it's not just any way of traveling. It's an air travel system that relies on small, regional airports that are currently severely underutilized and new forms of aircraft to take people short distances between 150 and 800 kilometers.

It’s a system that Surf Air Mobility Inc. (NYSE: SRFM), the owner of one of the largest commuter airlines in the U.S., wants to be a leader in. 

Why not? It’s already building AI-enabled software powered by Palantir and is leading the charge in electrifying small aircraft to take travelers short distances. To learn more about Surf Air Mobility, click here. 

This is a paid ad by Surf Air Mobility, Inc. Please see 17b disclosure here for more information.

Yesterday: U.S. indexes closed sharply lower Tuesday, as renewed valuation concerns prompted a broad market selloff with the S&P 500 and Nasdaq both declining more than 1%. Risk sentiment weakened with Bitcoin tumbling below $100,000 for the first time in over four months and Ether falling nearly 10%. Oil prices edged slightly lower after OPEC+ paused output hikes for early next year, combined with weak manufacturing data and a stronger dollar. With regards to earnings, roughly 71% of S&P 500 companies have reported results so far, with 83% exceeding Wall Street estimates. This is well above the 10-year average (75%), and earnings growth (12%) is on track to easily outpace expectations of 7% this quarter.

On Our Radar: One of the busiest earning weeks of the season continues with a number of notable companies — AppLovin (APP), Robinhood (HOOD), DoorDash (DASH) and Qualcomm (QCOM) — reporting after the market close today.

Palantir tumbled despite easily beating Wall Street estimates as investors became spooked on AI valuations. Uber, Norwegian Cruise Line and many others — including cryptocurrencies — plunged in Tuesday’s bloodbath. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Tuesday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Ticker Alert: October’s most-searched stocks on Benzinga PRO show which companies traders can’t get enough of, and which ones are trending down. Click here to see the full list.

“Palen-tears”: Palantir investors were in tears after the company crushed earnings, raised guidance and yet, shares still plunged nearly 10% on the day. Read on to see what caused the selloff and if this is a golden buying opportunity or not.

Robo Rant: Despite topping Wall Street expectations, shares of Uber plunged after comments from CEO Dara Khosrowshahi regarding the company’s AI ambitions and robotaxis. Here’s everything you need to know.

Called it: Five years ago, BCA Research predicted the S&P 500 would hit 7,000 — and we’re already ahead of schedule. However, their latest take on growth, AI, gold and rate cuts could change how you position your portfolio. Read on to see why.

Earnings: AMD, Super Micro, Amgen and Rivian all reported earnings that surprised Wall Street. Here’s what you need to know.

Your Next Big Fintech Breakthrough Is On November 10th

If your day-to-day revolves around fintech solutions for retail investors and everyday individuals navigating their own financial journey, the 11th annual Benzinga Fintech Day & Awards is a must-attend.

Benzinga knows first hand the importance of timely conversations around User Acquisition & Retention, Bridging the Gap Between Equities & Digital Assets, The Rise of Prediction Markets, 24/5 Trading, and much more. So, join us on November 10, 2025 in NYC to connect with the most influential names in financial technology.

If you want visibility, access, and capital connections in the same room, now is the time to make your move. Don’t miss your chance to network with the innovators moving the industry forward — register now. Use the code “RTB20” for 20% off your ticket.

On This Day In 1987…

KeyCorp made its public debut as shares opened at a split-adjusted price of $1.44. This marked a pivotal moment for the Cleveland-based regional bank, which has grown over the decades despite all the challenges within the banking industry. Today, shares of KeyCorp trade at just over $17 a share for a market cap of nearly $20 billion.

QUOTE OF THE DAY

“Never underrate the importance of asset allocation. Wide diversification is only required when investors do not understand what they are doing.“

— Warren Buffett

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