Michael Burry urges investors to cut exposure to technology stocks, citing historically dangerous levels akin to past bubbles.
He warns that AI‑driven hype and momentum trading have pushed valuations higher, comparing current market to the 1999‑2000 dot‑com bubble.
Burry maintains a significant leveraged short position but cautions shorting is costly and unsuitable for most investors.
He suggests raising cash now to deploy when market conditions improve.