Michael Burry Thinks Tech Stocks are Pricier Than They Seem. Is the Value Case Just an Illusion?

The piece argues Michael Burry’s bearish bets against big AI names look poorly timed as Nvidia (NVDA.OQ) surged to a new all‑time high and $5.26 trillion market cap, breaking above the prior ~$200 resistance which now acts as support. The rally in Nvidia and other semiconductors is lifting the Nasdaq and S&P, challenging Burry’s thesis of an AI valuation bubble. The author concedes there are pockets of froth—notably very rich software names—but suggests hardware momentum and conviction about next‑generation AI agents justify elevated valuations for leading players. Palantir and Adobe are highlighted as examples of extreme vs. beaten‑down software valuations, while Meta is noted as a more reasonably valued AI beneficiary. Overall, the article is market commentary concluding that betting against the fastest risers (like Nvidia) is risky and timing matters for contrarian bets.