Investor Michael Burry, best known for predicting the 2008 financial crisis, is sounding fresh alarms over the rapid expansion of AI infrastructure spending across major U.S. tech companies. Burry shared a post from Apollo Global Management (NYSE: APO) Partner and Chief Economist Torsten Slok, describing it as “three great charts” that draw a striking comparison between the current AI data center buildout and the housing boom-and-bust of the 2000s. Data center investments remain less than half the size of residential investments at their peak, which reached 6.6% of GDP in 2005, but the pace of increase is far faster than either previous cycle. “A cycle that builds at 0.85 percentage points a year can unwind at a similar pace, and that, rather than the buildout itself, is the macro risk if AI demand disappoints,” Slok wrote. S&P said in May that U.S. hyperscalers’ accelerating AI investments could reach $1 trillion in 2027, driven by AI demand, rising component costs, and capacity expansion, with Microsoft, Alphabet, Amazon, and Meta all continuing to lift spending.