Legendary hedge fund manager Brui warns that technology stocks could see a major crash and recommends reducing positions. With U.S. inflation rising again, the stock market has become volatile and pulled back: after the Dow opened, it fell sharply to a low of about 49,307 points; the S&P dropped by about 1%, the Nasdaq is nearing a 2% decline, and technology stocks such as Tesla, Meta, and Microsoft also moved lower.

SighingCashier

2026-05-12 18:30:51

Abstract generation in progress

May 13, 2026

Michael Burry Issues a Crash Warning for Tech Stocks, Recommends Cutting Positions

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Legendary hedge fund manager Michael Burry 【Image】 warns that tech stocks could crash sharply. With the latest U.S. inflation worsening, the U.S. stock market’s S&P 500 and Nasdaq both pulled back from record highs in the early part of Tuesday.

After the Dow opened 35 points higher, it reversed and slid sharply by as much as 396 points, hitting a low of 49,307 points. The S&P 500 dropped 1%, and the tech-heavy Nasdaq fell 1.78%. Among them, Tesla’s share price fell 2%, while Meta and Microsoft …

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Brie warns of a tech stock crash, recommends reducing holdings

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