'Black Swan' investor Mark Spitznagel says the crash of a lifetime is coming after one more 'euphoric rally'

Business Insider | 07-09-2026 01:28pm |

Mark Spitznagel, founder of Universa Investments, predicts that the AI boom will reach new heights before a monumental crash occurs. He anticipates a 'euphoric rally' prior to what he calls the crash of a lifetime. Spitznagel noted signs of excessive leverage and large bets, but sees no immediate trigger for a downturn.

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