"Piyasa oy kullandı ": Michael Burry, Big Tech'in yapay zeka harcamalarının S&P 500 'ü aşağı çektiğini söylerken Apple kazandı

'The market has voted': Michael Burry says Big Tech's AI spending is dragging down the S&P 500 — while Apple wins

Aditi Ganguly

Fri, August 7, 2026 at 1:10 PM GMT+3 11 min read

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Big Short investor Michael Burry's latest X post is once again predicting doom for the AI industry.

"The market has voted and the results are clear," Burry said in his July 27 post (1). The post also includes two screenshots of charts showcasing Magnificent Seven companies' latest stock performances and valuation changes.

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Both charts are taken from a recent Bloomberg article (2). The first shows a negative correlation between each tech company's forward capex (or capital expenditure) estimates and its stock performance.

The second shows that big tech companies: Nvidia, Microsoft, Amazon, Alphabet, and Meta — five of the companies that make up the Magnificent Seven — have all seen their valuations decline under their 10 year average as of July 24.

Apple, which boasts relatively restrained AI spending, is by far the outlier in S&P 500 performance in the first chart. In the second chart, it's the only company with a valuation above its 10-year average.

Here's what could be behind this performance — and why Burry might be interested.

Some of the shine might be coming off of massive AI spending

AI has been in an unprecedented boom ever since ChatGPT entered the picture in late 2022 (3). Companies are spending hundreds of billions of dollars on AI infrastructure — and have mostly been rewarded for it (4).

That might change soon.

People are starting to push back on some parts of AI usage that were previously embraced. Before, companies tokenmaxxed by encouraging their employees to use as much artificial intelligence as they wanted — or more.

But tokens are getting increasingly expensive as AI companies pass more of their expenses on to their customers (5). In response, companies are starting to pull back on AI usage, especially as reports come back showing AI isn't as good at reducing workloads as previously thought (6).

At the same time, regular Americans are starting to push back on AI companies' accelerated data center creation (7). A Consumer Reports study found that data centers are making electricity more expensive for the people who live close to them (8), and people who live near data center construction are reporting ecological consequences.

All this means that some people are bracing for the AI industry to come crashing down. Among them is Fitch, a nationally recognized credit ratings company.

According to Reuters, Fitch says that the global credit backdrop is increasingly vulnerable to an AI market correction (9).

"The scale of AI investment is such that the exposure of the economy and overall capital market to such a correction is significant," Fitch said.

Michael Burry has been bearish on AI for a while now

Burry didn't provide much detail on what, exactly, the market was voting on. But based on his previous statements, he's likely continuing his bearish outlook on AI.

This isn't the first time Michael Burry has expressed doubt about the AI industry. As far back as October 2025, he posted a tweet implying that the AI industry was a bubble (10). He's also previously disclosed put options on both Nvidia and Palantir.

More recently, he's expressed concern over how often private credit companies invest in AI (11). In a recent Substack post, he wrote that he's worried an AI crash could take down insurers that are overly invested in AI (12).

Because insurance firms are backed by the state, he worries that those costs would then be passed to the taxpayer (13).

"Those asset backed assets and structured securities are increasingly coming off data center and chip leases," Burry wrote (14) on his Substack. "This is where the possible contagion takes down the economy — by withdrawing funding for the data center buildout, which is also an increasing part of United States economic growth."

Access Wall Street's top bets

With investors growing increasingly uneasy about aggressive AI spending and sticky inflation, some investors are entering a more cautious phase. Companies that were once rewarded for pouring billions into artificial intelligence are now facing tougher questions about whether those investments will actually pay off. Meanwhile, stubborn inflation continues to fuel expectations that interest rates could stay elevated, making it more expensive for businesses to borrow.

In an environment like this, separating companies with genuine long-term potential from those riding the hype becomes even more important. Investors like Michael Burry have built a reputation by identifying companies with durable fundamentals while steering clear of businesses that appear cheap but ultimately fail to deliver.

For everyday investors, that's much easier said than done — it takes time and expertise to dissect earnings reports, track economic data and analyze industries.

That doesn't mean you're out of options. Platforms like Moby can help you identify stocks with strong growth potential, helping investors uncover opportunities they might otherwise overlook.

Their team of former hedge fund analysts and experts spend hundreds of hours each week sifting through financial news and data to provide you with breaking stock recommendations.

Moby's success speaks for itself. The platform's stock picks have outperformed the S&P 500 index by about 11.9% over the past four years.

Even better, Moby offers a 30-day money-back guarantee so you can see if the service is right for you. And if you sign up for Moby Premium you get one free top stock to get you off to a good start.

Build better financial habits

Every time high-profile investors like Michael Burry disclose a new position, speculation quickly follows as investors try to figure out whether they should do the same.

While watching famous investors make billion-dollar bets can be fascinating, chasing headlines is rarely a reliable investing strategy.

By the time a high-profile trade becomes public, the biggest gains may already be behind it. Markets move quickly, and trying to copy institutional investors or react to political developments can leave investors buying after the excitement has already peaked.

Consistently investing in a diversified portfolio, regardless of what's dominating the news cycle could be a much more sustainable approach. Broad-market index funds, for example, spread your money across hundreds of companies, reducing the impact if one stock crashes.

And you don't need thousands of dollars to get started — even modest contributions can make a meaningful difference. Investing just $20 a week for 30 years could grow to more than $179,000, assuming a 10% annual return.

For context, the S&P 500 has averaged annual returns of roughly 10.5% since 1957.

Platforms like Acorns let you invest spare change from everyday purchases into a diversified portfolio of ETFs automatically, helping you steadily build wealth without having to think about every market move.

All you have to do is link your cards, and Acorns will round up each purchase to the nearest dollar, investing the difference — your spare change — into a diversified portfolio of ETFs managed by experts at leading investment firms like Vanguard and BlackRock.

With Acorns, you can invest in an S&P 500 ETF with as little as $5 — and, if you sign up today and set up a recurring investment, Acorns will add a $20 bonus to help you begin your investment journey.

Think beyond stocks

As geopolitical tensions flare and concerns about elevated market valuations continue to grow, many investors are looking beyond equities to reduce overall portfolio risk.

Gold remains one of the most widely used defensive assets because it has historically performed well during periods of inflation, economic uncertainty and geopolitical turmoil. Gold prices have skyrocketed over the past five years, hitting multiple record highs along the way.

One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of Priority Gold.

This way, you can hold physical gold or gold-related assets within a retirement account, which combines the tax advantages of an IRA with the protective benefits of investing in gold.

If you opt for Priority Gold's platinum package, you can get free account setup and insured shipping and storage for up to five years. Plus, you can also rollover your existing IRA or 401(k) into a precious metals IRA with Priority Gold — tax and penalty free.

And when you make a qualifying purchase with Priority Gold, you can receive up to $10,000 in precious metals for free. Just keep in mind that gold is often best used as one part of a well-diversified portfolio.

Invest in real estate with just $100

But diversification doesn't have to stop with precious metals. Real estate remains one of the most popular ways to build long-term wealth.

Unlike stocks, property values don't always move in sync with the market, which can make real estate a useful way to diversify your portfolio. Plus, you can generate monthly income through rental properties.

The catch is that becoming a landlord isn't for everyone. Buying property typically requires significant upfront capital, along with ongoing responsibilities like maintenance, repairs and tenant management.

That's where crowdfunding platforms like Arrived come in.

Backed by world-class investors like Jeff Bezos, Arrived lets you purchase shares of rental properties across the country. And you can get started with as little as $100.

Arrived distributes any rental income generated by properties to investors monthly, allowing you to potentially set up a passive income stream without the extra work that comes with being a landlord of your own rental property.

The best part? For a limited time, when you open an account and add $1,000 or more, Arrived will credit your account with a 1% match.

Double-check with an expert

Building a successful portfolio isn't just about picking the right investments. The correct strategy also depends on your age, income, retirement timeline, tax situation and risk tolerance. Even a well-diversified portfolio may need adjustments as your financial goals evolve.

That's where professional guidance can be valuable.

A financial advisor can review your investment mix, identify potential blind spots and help create a strategy tailored to your long-term goals instead of the latest market headlines.

Platforms like Advisor.com connect you with a vetted FINRA/SEC-registered advisor near you for free.

Here's how it works: Simply enter a few details about your finances and goals, and Advisor.com will comb through its roster and connect you with a qualified expert best-suited for your needs based on your unique financial goals and preferences.

The platform does the heavy lifting for you, vetting advisors based on track record, client ratios and regulatory background. Plus, their network comprises fiduciaries, who are legally required to act in your best interests. This can help you easily connect with

Finding the right advisor isn't always easy — there's no one-size-fits-all solution. That's why Advisor.com lets you set up a free initial consultation, with no obligation to hire, to see if they're the right fit for you.

— With files from Kit Pulliam