Computer Equipment Investment hits 1.2% of GDP, more than the dot-com bubble. Hedge funds are rushing to reduce tech exposure

🚨 Computer Equipment Investment hits 1.2% of GDP

More than the dot-com bubble. pic.twitter.com/bfLTLL04zt

— Hedgeye (@Hedgeye) May 2, 2026

every time 'smart money exits tech' makes a headline, it means they already bought the next thing and need you to sell this one

— Peaceful Warrior (@RanjYousif) May 3, 2026

Hedge funds are rushing to reduce tech exposure:

Hedge funds just posted their largest 2-week reduction in US information technology exposure over the last decade, excluding the meme stock frenzy in early 2021.

This was driven by long sales outpacing short covers at a ratio of… pic.twitter.com/Jxe3NVrcnn

— The Kobeissi Letter (@KobeissiLetter) May 3, 2026

Translation: Burry doesn't think tech is dead. He thinks the AI Mag 7 are overpriced and the rest of tech is mispriced

🚨SANDISK'S REVERSAL SHOULD BE STUDIED.

A year ago SanDisk was reporting a loss of 30 cents per share. This week it reported earnings of $23.41 per share against an estimate of $14.50 and revenue of $5.95 billion against an estimate of $4.70 billion.

Five AI companies signed… pic.twitter.com/iR8woWr9mh

— Bull Theory (@BullTheoryio) May 3, 2026

Michael Burry made $100 million for himself and $725 million for his investors betting against the housing market in 2008.

Hollywood made a movie about him called The Big Short.

Last quarter he made his BIGGEST market call in 17 years.

Here's where he's putting his money now:… pic.twitter.com/vYlYmukGDb

— The Assembly (@InTheAssembly) May 3, 2026

Morgan Stanley has again raised its capex forecasts for the five hyperscalers Amazon, Alphabet, Meta, Microsoft, and Oracle. It now expects them to spend about $805bn this year, up from a previous estimate of $765bn. For next year, the forecast has been lifted from $951bn to… pic.twitter.com/PkboNQ8PD0

— Holger Zschaepitz (@Schuldensuehner) May 3, 2026