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Michael Burry warns of Nasdaq crash as tech rally looks eerily like dot com peak
Economy
Published on 12 May 2026
His bet hinges on chip valuations running too hot
Investor Michael Burry, known for “The Big Short,” says the Nasdaq 100 could be heading for a sharp downturn. He compares today’s “parabolic” tech surge to the dot-com bubble’s peak, citing surging chip stocks and stretched valuations. Burry argues Wall Street may be overestimating earnings and urges caution, including profit-taking, ahead of a likely correction.
- Burry flags a potential sharp downturn for the Nasdaq 100
- He compares today’s tech spike to the dot-com bubble peak
- Soaring chip stocks and valuations may be overstating earnings
- He advises caution and taking profits before a correction
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times