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Burry points out that both the AI boom and the dot-com era are fueled by risky debt and tons of venture capital cash.
High-yield debt is now at 38%, almost matching levels from back then.
He also calls out how investors are backing unprofitable AI companies more than ever, with tech giants set to spend $700 billion on AI development this year alone.
Even though some people have dismissed his warnings before, Burry isn't backing down: he believes these signs could mean trouble ahead for the market.