Famed "Big Short" investor Michael Burry issued a warning to tech investors, sounding an alarm on the overheating semiconductor sector.
He shared a market chart comparing the current chip rally to the absolute peak of the dot-com bubble, ominously stating, "History repeats." Echoes Of The 2000 Tech Crash Burry's social media post mapped the current trajectory of the Philadelphia Semiconductor Index, which is tracked by iShares Semiconductor ETF (NASDAQ:SOXX) and the Nasdaq 100, tracked by Invesco QQQ Trust (NASDAQ:QQQ), against their precise paths leading up to March 10, 2000—the historic peak of the dot-com crash.
The comparative data indicated that the recent two-month run-up to June 2 in 2026 flawlessly mirrors the hyper-extended vertical climb seen twenty-six years ago from March 2000 to June 2000, signaling an impending market correction.
Read Also: Chip Frenzy Hits Dot-Com Extremes As Record ETF Flows Shrug Off Michael Burry's Short Bets An Unprecedented Extension The warning comes just weeks after Burry disclosed a massive short position against the high-flying iShares Semiconductor ETF.
On April 24, Burry revealed he purchased a significant number of January 2027 SOXX puts struck at $330.
