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Michael Burry warns AI mania could mask broader market risks
Burry said he is “patiently acquiring” companies ignored during the current AI-led rally, drawing parallels to the dot-com unwind.
Michael Burry, the investor behind the 2008 U.S. housing-crash call and the inspiration for The Big Short, says he feels the stock market is behaving like the late stage of the 1999 to 2000 period and that a significant decline could be coming, according to Yahoo Finance.
Burry has pointed to his concerns about the surge in AI-related stocks, describing his recent bearish bets against high-profile technology names as evidence that parts of the market may have gotten ahead of fundamentals. In a recent Substack post cited by Yahoo Finance, he argued that investors are overlooking established companies with strong fundamentals while they chase AI.
He compared the current setup to opportunities he pursued as the dot-com bubble began to unwind. Yahoo Finance also notes that he has said he feels “deja vu” about markets, writing about a “complete reversal” in the NASDAQ 100 and saying he is calling something.
Yahoo Finance reports that Burry attributes some of his worry to how investors, he says, are focusing on AI while largely ignoring other economic data and global events. In the material cited, he argues the conversation has become “absolutely non-stop AI,” with other topics crowded out.
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