“Kynikos founder and legendary short-buyer Jim Chanos reveals the companies he thinks they are prime for shortcoming.
In a new interview on the 2025 Forbes Iconoclast -TOP, Chanos out Companies that are likely to fade due to the progress of artificial intelligence (AI) are at the top of its short list, including US Computer Giant International Business Machines Corporation (IBM).
“We think there are a number of companies that pop up a kind that will be Roadkill on the AI Highway. And at the moment, similar to the early part and the center of the DOT-Com tree, all shares are being blown up.
But there are many companies that have business models that, if you think about it, will let them dramatically empty because of the possibilities of AI as AI gets better and better. We call them body shops or AI products that will in principle be eliminated …
I am not going to give you a lot of names, but one of our old names that are in that group that we have failed since 2020 is the IBM, which has been a good stock for the past year and a half. It actually doubled and fallen after 10 years. But it acts back on all time high ratings. It doesn’t grow. It is a bodywork company …
We think it is a company that will continue to melt away, not immediately, but AI will continue to harm the consultants and body shops. ”
IBM acts for $ 268 at the time of writing, an increase of around 60% in the last 12 months.
Another company on the shortlist of Chanos is user of the cars used Carvana (CVNA), which has risen by $ 4.23 in January 2023 by 7,961% in the last 30 months after trade.
“We think so [Carvana is] Still a wrong story …
What really struck us and made it in time are a few positioning aspects, which are really important on the short side. Number one, the short interest rate is back to multi -year lows, from one of the heaviest shorts on the market in 2023, it is now back under and back to its proposed levels of short interest as outstanding percentage of shares, under 10%.
But perhaps even more ominous is that the insiders started selling in an absolute flood of shares … It is almost that the C-suite apparently suits so fast. ”
Carvana acts at $ 341 at the time of writing.
https://www.youtube.com/watch?v=7BZLYZEC3AO
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