Michael Burry warns of 1987-style crash as AI rally powers Wall Street; investor shorts Nvidia, Tesla, Palantir

Michael Burry warned of a 1987-style crash as the S&P 500 hit record highs on Tuesday. Burry said, “I continue to believe it is possible we are near a major top.” He currently shorts Nvidia, Tesla, and Palantir, despite the AI rally that pushed Wall Street to new closing peaks.