Happy Friday! As tech stocks continue to climb to record levels, famed investor Michael Burry — who predicted the 2008 housing crash — says the current rally looks even more stretched than the market frenzy of 1999. Read on to see why Burry has Wall Street’s full attention.

And Nancy Pelosi' strikes gold again with an AI investment that is up more than 300% before it reaches the public markets. Now, retail investors are racing to gain access to the same pre-IPO opportunities, and one fast-growing fund is at the center of the frenzy. Here’s all the details.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

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Michael Burry Compares Today's 'More Extreme' Nasdaq Surge To Dot-Com Bubble

Michael Burry is once again raising eyebrows on Wall Street, this time comparing today’s extreme tech rally to the height of the dot-com bubble.

The famed investor — who predicted the 2008 housing collapse — reigniting concerns that investors are once again chasing momentum at any cost. As tech stocks continue to climb, Burry’s latest comments are fueling debate over whether this rally still has room to run — or if history is starting to repeat itself.

Read on to see why Burry thinks this market may be entering dangerous territory.

Congress Just Filed Dozens Of Trades While The Market Hit All-Time Highs

Lawmakers don't stop positioning when markets are moving — they accelerate. Every trade they make is public record under the STOCK Act. Most investors never see them in time. Benzinga Edge surfaces every congressional disclosure the moment it's filed.

Yesterday: U.S. indexes closed at the lows Thursday, with the S&P 500 and Nasdaq retreating from record highs as investors weighed renewed geopolitical tensions in the Middle East. Sentiment turned cautious after Iran rejected the latest proposal from the U.S., and both countries exchanged fire in the Strait of Hormuz, fueling concerns that the fragile ceasefire is unraveling. Oil prices swung sharply, initially falling more than 5% before rebounding to finish nearly flat on the day. On the economic front, labor market data remained solid, with initial jobless claims rising to 200,000 — below consensus — with continuing claims falling to 1.77 million.

On Our Radar: Analysts will be paying attention to the U.S. employment report, hourly wage growth, wholesale inventory data, and consumer sentiment readings for fresh clues on the health of the economy. On the earnings front, all eyes will be on Circle (CRCL) and AST SpaceMobile (ASTS) which will report earnings on Monday.

Shares of Datadog (DDOG) surged more than 30% with Fortinet (FTNT) and Zscaler (ZS) also soaring by double digits. Meanwhile Zoetis (ZTS), ARM (ARM), and Sandisk (SNDK) were among the day’s top laggards on the day. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Thursday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Fairy Tale Quarter: Disney smashed analyst estimates as shares of the magic kingdom soar to a 3-month high. Read on to see why analysts are bullish and why the new CEO passes the first big test.

Peak Processor: Intel’s rally is starting to draw comparisons to one of the biggest tech bubbles in market history. Here’s what analysts have to say, as well as a look at one historical comparison which is flashing brighter than ever.

Ark Moves: Cathie Wood and Ark Invest continue to dump AMD in favor of this AI company. Discover why, and what other moves they’ve been making. 

Spare Change: Coinbase may have whiffed on earnings, but investors are looking for spare change to keep adding to their positions with market share at new highs, and prediction markets being one of the fastest launches ever.

Stock Of The Day: Rio Tinto just smashed through a key resistance level after bullish CEO commentary sent shares soaring — but the next move could be even more important. See if this breakout is the start of a bigger rally, or just a temporary pop.

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