Michael Burry Sounds Alarm on AI-Driven Tech Rally, Urging Investors to Reject Greed and Scale Back Exposure - Tekedia

Michael Burry warned the AI-fueled tech rally looks increasingly like the late-1990s dot-com bubble.

He said valuations in major tech and semiconductor names have become stretched and detached from fundamentals.

Rather than shorting the market, he advised most investors to reduce stock exposure and hold more cash.

The warning adds to concerns that gains in AI leaders and chip stocks are concentrated and vulnerable to a sharp reversal.