Michael Burry says Nvidia is ‘overvalued’ and declines SpaceX put trades he called too expensive

Michael Burry wrote on Substack that Nvidia is “overvalued,” arguing that the current AI-driven tech-stock frenzy resembles the late-stage dot-com bubble of 2000. He urged investors to “reject greed” and cut exposure to technology shares that have surged. While he did not disclose any specific trades, his comments as a prominent contrarian investor may reinforce institutional caution toward AI hardware valuations.