Michael Burry Warns Tech Stocks Are Overvalued Due to Stock-Based Compensation

'Big Short' investor Michael Burry lays out why he thinks high-flying tech stocks are even pricier than you think

Michael Burry, investor of "The Big Short" fame. Astrid Stawiarz/Getty Images Michael 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 valuations. They're even more expensive than they ...