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"Big Short" Berry's latest statement: U.S. stocks currently have no "parabolic top" collapse risk, but the 40% artificial profit increase in tech stocks should be a warning.
“Big Short” investor Michael Burry(Michael Burry) has recently released a series of major market views. On one hand, he said that the current hot rally in U.S. stocks is not yet likely to immediately evolve into a catastrophic crash; on the other hand, he used detailed data to prove that over the past decade, Wall Street has systematically overestimated the true earnings of tech giants by more than 40%, and that ordinary investors are picking up the tab. In fact, this is not the first time Burry has questioned the accounting methods of technology companies. He previously warned that AI giants artificially inflate profits by underestimating asset depreciation.