Burry's move is structurally different from a bullish macro call on AI. His prior warnings about hyperscaler spending remain on record; what changed is that Microsoft dropped far enough to make the stock too cheap to ignore despite AI concerns, separating the question of whether AI investment is risky from the question of whether that risk is already embedded in the share price. The bet does not say AI disruption fears are wrong — it says the market overshot in applying them to software names with durable Azure and Office…