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.
With global markets at record highs driven by AI-fueled tech enthusiasm, billionaire investor Paul Tudor Jones says the current phase still has room to run for about a year or two. Drawing parallels to Microsoft’s early rise and the internet boom, he also cautions that this momentum could eventually flip into a major downturn similar to the dot-com bubble’s collapse.
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Bitcoin fell to a 16-month low, hovering close to the $60,000 level as investors retreat from higher-risk assets. The pressure follows broad selloffs in technology stocks that have spilled into crypto markets. Ether also dropped, and the wider cryptocurrency sector has erased trillions of dollars from its all-time high, underscoring a tough stretch for digital assets.
Bitcoin is hovering around $67,472, gaining modestly while analysts warn that a full rebound to all-time highs could take until Q2 2027 if the current correction deepens. Spot Bitcoin ETFs have turned net negative, ending a four-week inflow streak. Broader crypto is slightly higher, but geopolitical stress between the US and Iran and higher oil prices are dampening risk appetite.
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