Michael Burry: Warning of a 1987-style sell-off risk, suggesting that U.S. stocks may be on the verge of a turning point
2026-08-06 16:09:58
According to CoinMeta, renowned investor Michael Burry warns that the current U.S. stock market may face a sell-off similar to that of 1987. He pointed out that although the S&P 500 index hit a new high on Tuesday, market conditions could lead to a sell-off akin to the 1987 crash. He remains bearish on companies such as Nvidia, Tesla, and Palantir, believing that the leverage driven by AI could exacerbate a market reversal. Burry stated that the demand for AI infrastructure relies on continuous capital inflows and strong cash flows; if funding conditions deteriorate, related companies may face significant pressure. Despite the strong market performance, Burry's views stand in sharp contrast to the optimism on Wall Street.
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Source:Coinpaper
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