Michael Burry warns AI stock rally resembles late 1999 tech bubble surge.

Michael Burry, known for predicting the U.S. housing crash, warns that the current stock market rally driven by AI enthusiasm resembles the final stages of the 1999-2000 dot-com bubble. He notes that stocks are rising without logical reaction to economic data, fueled by a narrow thesis focused on AI. The Philadelphia Semiconductor Index's recent sharp gains mirror the tech surge before the 2000 crash. Other investors like Paul Tudor Jones also see parallels but suggest the rally could continue before a possible sharp correction.