Does “The Big Short”’s Michael Burry Know Something Wall Street Doesn’t? He’s Deepened His Bet Against Some of the Stock Market’s Biggest Winners.

Michael Burry, famous for his successful bet against the housing market before the 2008 financial crisis, is now betting against AI stocks by shifting to put options on major players like Micron and Nebius. He believes an AI bubble may burst sooner than expected, citing concerns about the $700 billion infrastructure spending and whether tech companies can monetize these investments. While Wall Street remains bullish on AI stocks, Burry and other investing giants like Ken Griffin have raised concerns about valuation levels and spending sustainability.