Michael Burry Warns 'The End Is Nigh' for Stock Market as AI Rally Intensifies
Investor Michael Burry has turned bearish on U.S. equities, comparing the AI-driven rally to past speculative bubbles and warning of an impending correction.
Renowned investor Michael Burry has issued a stark warning about the U.S. stock market, arguing that the current AI-led rally mirrors historical speculative manias. He believes valuations have become unsustainable and has reportedly increased short positions against AI-related stocks and semiconductor names.
Burry's latest stance comes as major tech indexes continue to surge on optimism surrounding artificial intelligence. He cautions that the euphoria could end in a sharp correction, echoing his past views on overvalued markets.
The warning adds to growing concerns among some market participants that the AI bubble may be approaching a tipping point. Burry gained fame for correctly predicting the 2008 housing crisis.
Source: First Squawk