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📉 Michael Burry Warns of AI Bubble Resembling Dotcom Crash
Michael Burry, who predicted the 2008 crisis, said the AI boom resembles the final months of the 1999-2000 dotcom bubble.
He noted the market ignores economic data, with stocks rising just because they "already rose," driven by AI hype.
Burry compared the semiconductor index SOX's surge to pre-2000 tech behavior, noting it gained 65% since the start of this year.