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# Michael Burry ('Cassandra Unchained') on Hock Tan: 'Well well well. Well.'

Cassandra Unchained (@michaeljburry), X, 2026-10-12.
Source: https://x.com/michaeljburry/status/2109640191740621217

## Why it matters

The best-known AI-bubble short seller amplified Tan's remarks, quoting Bloomberg's passage on enterprises 'wasting money' on tokens (about 408k views).

## Summary

Posted Oct 12, 2026 (13:39 UTC). Burry quotes Bloomberg's report: Tan said AI model developers need customers who can generate returns from deploying the technology, rather than relying on users who are now 'wasting money' on tokens as they experiment, and compared it to a child who spends $10 of arcade tokens in 10 minutes after which 'you haven’t learned anything'. Burry's own comment is only 'Well well well. Well.'

_Metrics as of 2026-10-13 via api.fxtwitter.com: 407,726 views, 3,348 likes, 468 reposts. Author: about 2,134,754 followers._

## Archived text

> Well well well. Well. 
> Bloomberg: Broadcom CEO Likens Many AI Investors to Casino Gamblers
> and more...
> Broadcom’s Tan said AI model developers need to find customers that can generate returns from deploying the technology, rather than relying on users who are now “wasting money” on tokens as they experiment with AI.
> “When you are a kid you go to a video arcade, you play. Your parents give you $10 of tokens, you finish it in 10 minutes and you haven’t learned anything,” he said. “That’s what happening in enterprises today.”

Archived 2026-10-13 via fxtwitter (unofficial).
Counts: 408,148 views, 3,350 likes, 468 reposts, 235 replies (at fetch time)
Media: https://pbs.twimg.com/media/HUbx3s-XIAAkdwr.jpg?name=orig

## Cited in

- 2026-10-12: [Broadcom CEO Hock Tan likens many AI investors to casino gamblers](https://postcutoff.com/e/2026-10-12-hock-tan-ai-investors-casino-capital-bottleneck/)

## People in this post

- [Hock Tan](https://postcutoff.com/person/hock-tan/), CEO, Broadcom