<div id="readability-page-1">Bubble echoes: Burry compares the AI-driven tech rally to the dot-com bubble and has taken short positions, including against Nvidia. Tokenized stock fears: He warns SEC’s proposal for blockchain-based stock trading could fragment markets and weaken investor protections. Bull market signal: Reflexivity’s valuation spread indicator suggests mega-cap strength may keep the bull market intact despite macro concerns.</div>

NVDA

NVDD

NVDL

<p>Michael Burry warns of a market peak, comparing the AI-driven tech rally to the dot-com bubble and taking short positions against Nvidia. He also cautions that the SEC's proposal for blockchain-based stock trading could fragment markets and weaken investor protections. Conversely, Reflexivity’s valuation spread indicator suggests mega-cap strength may sustain the bull market despite macro concerns.</p>

- Burry compares the current AI-driven tech rally to the dot-com bubble, taking short positions against companies like Nvidia.  
- He warns that the SEC’s proposal for blockchain-based stock trading could fragment markets and weaken investor protections.  
- Reflexivity’s valuation spread indicator indicates that mega-cap strength may sustain the bull market despite existing macroeconomic concerns.

NVIDIA

Direxion Daily NVDA Bear 1X ETF

GraniteShares 2x Long NVDA Daily ETF

AXS 1.5X NVDA Bear Daily ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

T-Rex 2X Long NVIDIA Daily Target ETF

Spdr Select Tech

VanEck Semiconductor ETF

Direxion Semicon Bull 3X

SPDR S&P Software

GraniteShares 2x Short NVDA Daily ETF

iShares Semiconductor ETF

Direxion Daily NVDA Bull 2X Shares

YieldMax NVDA Option Income Strategy ETF

XL2CSOPNVDA

iShares Expanded Tech Software Sector ETF

NVIDIA Corporation

Michael Burry warns of market peak amid AI, crypto risks