Michael Burry's Latest News: From Bitcoin Regret to AI Spending Concerns

Legendary investor Michael Burry, the hedge fund manager immortalized in The Big Short, has recently shared his candid reflections on decades of market calls—and one significant missed opportunity that still stings. During a recent statement covering his track record over the past 26 years, Burry acknowledged that while he has “called just about everything significant that has happened,” there remains one decision he deeply regrets. His admission offers insight into both his investment philosophy and the evolving landscape of cryptocurrency and tech spending.

The Bitcoin Opportunity That Got Away

Michael Burry’s 2013 Bitcoin story exemplifies how even the most prescient investors can hesitate at pivotal moments. After meeting with a friend at Lightspeed, Burry considered entering the cryptocurrency market during one of Bitcoin’s early crashes. “I should have done it,” he reflected, noting that he ultimately slept on the decision and passed.

To illustrate the magnitude of this missed call: in April 2013, when Bitcoin briefly crashed to around $50 per coin, a modest $100 investment would have purchased 2 BTC. At the current price of approximately $67,270 per Bitcoin (as of late February 2026), that position would now be valued at roughly $134,540—representing a staggering 1,345,400% gain. While Burry has made numerous successful contrarian bets throughout his career, from his 2005-2007 short against subprime mortgage-backed securities to his strategic equity positions during 2020’s pandemic panic, the Bitcoin regret highlights how timing and conviction remain challenging even for seasoned investors.

Michael Burry Questions the Sustainability of AI Infrastructure Spending

Beyond cryptocurrency, Michael Burry has recently turned his critical eye toward the massive capital expenditure programs sweeping through Big Tech. He has directly challenged the scale of artificial intelligence buildouts by Oracle, Google, Meta, Microsoft, Amazon, Nvidia, and Caterpillar, asking a pointed question: “When does the spending for AI data center buildout actually end?”

Hyperscalers—the term for cloud computing giants such as Amazon Web Services, Google Cloud, Microsoft Azure, Meta, and Oracle—operate massive global data center networks that provide large-scale infrastructure. These companies are currently guiding approximately $650–700 billion in combined capital expenditure for 2026. Burry’s concern centers on a troubling pattern: these firms are consuming all available cash flow, increasingly relying on borrowed capital and innovative financing structures they had historically avoided.

This alarm has resonated beyond Burry’s commentary. In a November research note titled “You Can’t Time the AI Bubble, But You Can Position for It,” asset manager Man Group documented how hyperscaler capex is absorbing the majority of free cash flow before accounting for off-balance-sheet AI investments. According to Man Group’s calculations using company data through December 31, 2024, capital expenditure across these firms has surged sharply, with AI infrastructure accounting for most incremental growth. The report warns that while AI is undoubtedly transformative, adoption rates may lag the enthusiasm driving current spending levels.

Man Group observed a historical pattern worth noting: “The tech sector has a consistent pattern—it gets excited about transformative technology, the promise seems immense, spending surges, and then reality forces a pause.” This cyclical dynamic mirrors previous tech buildout phases and raises questions about the sustainability of current trajectories.

Michael Burry’s Broader Track Record

Michael Burry’s investment career demonstrates a pattern of calling major inflection points across multiple asset classes and decades. Beyond his famous 2008 housing crisis bet—which reportedly generated $700 million for investors and $100 million personally—Burry purchased Apple in both 1998 and 2002, positioned ahead of oil’s mid-2000s surge, and advocated for gold in 2005. More recently, he warned about passive investing risks years before the COVID crash exposed underlying market correlation issues, then shorted aggressively into 2020 before loading up on equities during the pandemic panic, nearly doubling his fund that year.

His current commentary on AI spending and hyperscaler capital allocation suggests Burry is applying the same pattern-recognition skills that made him famous: identifying when market enthusiasm outpaces economic reality, and questioning the sustainability of consensus narratives. Whether his concerns about AI infrastructure buildout prove prescient remains to be seen, but his historical track record suggests his questions deserve serious consideration.