When an IPO doubles on AI adjacency before establishing any multi-year earnings track record, that's not price discovery — that's narrative pricing with a fuse attached. Michael Burry just said (https://www.cnbc.com/2026/05/11/michael-burry-is-not-a-believer-for-any-stocks-going-parabolic-reduce-positions-almost-entirely.html), and the setup he's warning about is exactly this.

Research these companies