Watch Out NVDA Stock Investors: Michael Burry of Big Short Fame Isn’t Feeling the Chip Rally Anymore.

One of the most famed short sellers of all time, made famous for his large (and correct) bets before the Great Financial Crisis against the U.S. housing market, Michael Burry has become a controversial voice on macro trends. His ability to call out largess and overvaluation in key sectors has spurred debates among investors who take either side of the coin.

For one group, Michael Burry has prognosticated about overvaluation for some time—and he's been right, directionally. For the other group (those who are bullish on various macro trends), the thinking is that he's left money on the table, considering the rally we've had in recent years and the willingness of Burry and others to take the opposite side of the trade. Timing is everything with going short any particular asset class, and given the difficulty of going short any particular segment for an extended period of time, being early can be just as bad as being late.