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STOCKS | Michael Burry Says Stocks Resemble Late-1999 Bubble, While BlackRock Cites AI Profitability

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2026-06-12 13:38:29
Michael Burry said stocks feel similar to the last months of the 1999-2000 bubble, pointing to parallels with the period before the dot-com downturn.

According to NS3.AI, BlackRock’s Carolyn Barnette argued that the current AI-driven rally is different from that era because companies are demonstrating profitability and funding investment with cash rather than relying on less sustainable financing.
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