'Big Short' Michael Burry says tech stocks are even pricier than they seem

'Big Short' Michael Burry says tech stocks are even pricier than they seem

Michael Burry, investor of "The Big Short" fame.Astrid Stawiarz/Getty ImagesMichael Burry of "The Big Short" says tech stocks are even more richly valued than they seem.The investor pointed the finger at stock-based compensation in a lengthy Substack analysis.He argued that Wall Street's forward earnings estimates for the Nasdaq 100 are 42% overstated.The AI boom has catapulted tech stocks to historic highs, with many trading at punchy valuation…

Michael Burry Warns Nasdaq Valuations Are Far Richer Than They Appear, Blaming “Earnings Illusion” From Stock-Based Compensation

Michael Burry, the investor made famous by “The Big Short,” has delivered one of his most detailed and scathing critiques yet of the AI-driven stock market, arguing that headline earnings for many Nasdaq 100 companies are badly overstated because of the way they account for stock-based compensation. In a lengthy Substack post published this week, […] The post Michael Burry Warns Nasdaq Valuations Are Far Richer Than They Appear, Blaming “Earning…

Michael Burry Says Tech Is Priced Too High

The investor of “The Big Short” fame explained why he thinks this in a detailed Substack post this week, which he said was the product of weeks spent reviewing more than 1,000 annual reports from Nasdaq 100 companies going back a decade.Burry’s central claim is that companies, and the Wall Street analysts who cover them, don’t properly account for the full costs of stock-based compensation.He says they should include the money spent buying back …