Burry flags ‘indigestion’ risk as Mag 7 ETF heads lower

Michael Burry warns that a 'deadly case of indigestion' from private equity overvaluation, fueled by rising funding costs, could spread to other asset classes. He also questions Big Tech's massive AI capex spending as stocks fall, predicting tough times ahead for hyperscalers. Mag 7 ETFs are tracking their worst quarters since 2022 and 2023 respectively.