Michael Burry warns that record S&P 500 highs may be masking broader market weakness, with 32% of stocks trading more than 10% below their highs and just 64 reaching new records as of October 6.
He has previously shorted NVIDIA $NVDA , Micron MU, Nebius $NBIS and CoreWeave CRWV, but has since shifted most bearish exposure into Nasdaq-100 and semiconductor ETF puts, while retaining puts on Palantir PLTR and Oracle $ORCL .
Burry believes stretched valuations, AI infrastructure debt and rising inflation could trigger a prolonged bear market, potentially resulting in 15-20 years of weak inflation-adjusted returns.
He has previously shorted NVIDIA $NVDA , Micron MU, Nebius $NBIS and CoreWeave CRWV, but has since shifted most bearish exposure into Nasdaq-100 and semiconductor ETF puts, while retaining puts on Palantir PLTR and Oracle $ORCL .
Burry believes stretched valuations, AI infrastructure debt and rising inflation could trigger a prolonged bear market, potentially resulting in 15-20 years of weak inflation-adjusted returns.