Happy Friday! Michael Burry is back at it again. The legendary contrarian investor just fired off another warning, this time taking aim at one of Wall Street's hottest trades. See which stocks he's betting against, and where he's doubling down.

Bill Ackman just called one of his biggest portfolio holdings a "no-brainer." See why he's so confident, and why it could be one of Wall Street's most overlooked opportunities.

And the cheapest stocks in tech are also this year’s biggest winners. Is Wall Street making the same mistake twice, or are investors setting themselves up for a classic value trap? Here’s everything you need to know.

Plus, Benzinga is offering readers a free opportunity to hear how one veteran strategist is positioning for the months ahead. Reserve your free spot.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• Benzinga Social Media Spotlight

BENZINGA TRIVIA CHALLENGE

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Michael Burry Warns Today's AI Boom Could Become Tomorrow's 'Ghost Towns' Despite Surging Demand

Michael Burry is back at it again.

The legendary contrarian behind The Big Short just fired off another warning — this time taking aim at one of Wall Street's hottest trades.

Click to see which AI stocks he's betting against, where he's doubling down, and why he thinks the biggest risk may still lie ahead.

Does This Bounce Have Legs?

Tech bounced off its late-July lows, but does it have legs or is it just oversold? A new Fed Chair is hinting at a September hike and Aug-Oct is historically rough. Matt Maley goes live to map it all out this Sunday at 12 PM ET.

Yesterday: U.S. indexes finished at the lows Thursday, with the Dow falling more than 450 points to snap a five-day winning streak as rising oil prices and geopolitical uncertainty weighed on investor sentiment. Crude prices climbed after reports that Iran proposed restrictive shipping conditions in the Strait of Hormuz, raising concerns about global energy supplies and a deal getting done with the U.S. Investors used it as an opportunity to lock in profits following this week's massive rebound rally. Nine of the 11 S&P 500 sectors closed lower, while energy and information technology were the lone bright spots.

On Our Radar: Looking ahead, Wall Street will be watching nonfarm payrolls, hourly wages, and consumer credit for fresh clues on the labor market, consumer spending, and the path of interest rates. On the earnings front, all eyes will be on AST SpaceMobile (ASTS), and Hims & Hers (HIMS) which will report after the market close on Monday.

Top Gainers: SpaceX (SPCX), SiTime (SITM), Paycom (PAYC), ARM (ARM), Paypal (PYPL), DoorDash (DASH), Shopify (SHOP), Microsoft (MSFT)

Top Laggards: Sandisk (SNDK), Nebius (NBIS), UWM (UWMC), HubSpot (HUBS), Celsius (CELH), Shift4 (FOUR), AppLovin (APP), Datadog (DDOG)

Here's a look at some of the biggest winners and losers from Thursday’s session.

See 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.

Buy The Dip: Western Digital just suffered one of its worst drops in decades, however, history suggests the selloff is likely a great buying opportunity. See what happened after similar crashes and how to profit moving forward.

Winning Bet: DraftKings just delivered a quarter packed with mixed signals, however, this new opportunity is growing faster than expected. Discover why management believes it's only getting started.

Ad Shock: The Trade Desk just delivered a report that blindsided investors. Click to uncover what sent shares plunging and whether this sell-off is warranted, or a buy the dip opportunity.

Digital Goldrush: The AI boom just hit a staggering new milestone, with companies committing record amounts of capital. Click to uncover the winners, the risks, and the next phase of the AI race.

Stock Of The Day: Shares of Uber are stuck in a trading range. See what traders are watching and where shares could be headed next.

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