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Michael Burry reiterated crash warnings, comparing current markets to 1987, despite S&P 500 and Nasdaq hitting record highs. He maintains short positions on Nvidia, Tesla, and other AI-linked stocks,…
S&P 500 and Nasdaq hit record closing highs as tech sector rallies. Nvidia surged 4.4% on AI chip export clearance, while Cisco jumped 13.4% on restructuring and strong hyperscaler orders.
Nasdaq closed at a record high led by gains in heavyweight tech including AI chip leader Nvidia, while Australian tech stocks rose modestly, with Xero and TechnologyOne among local winners.