Michael Burry of “The Big Short” fame warns of inflated tech stock valuations amid fears of an AI bubble
Best known for predicting the 2007 – 2008 subprime crisis that ultimately escalated into a full-blown financial crash, Burry argued in a recent Substack post that several Nasdaq-100 tech companies have repeatedly misreported stock-based compensation over the past decade, overstating earnings by around 20% and leading investors to buy stocks…