The real-life inspiration behind the movie "The Big Short," Michael Burry @michaeljburry, has recently initiated a full-scale short position on AI-related assets. His reasoning is that the market has entered a severe bubble phase, with prices vastly exceeding fundamentals and showing signs of reaching the peak of the overall cycle, suggesting a potential 30% correction. His short positions include: - Shorting Micron at $1,052, with a paper profit of 19.3%. - Shorting NVIDIA at $198, with a paper loss of 3.3%. - Shorting Applied Materials at $729, with a paper profit of 27.4%. - Shorting Semiconductors at $642, with a paper profit of 18.9%. - Shorting Caterpillar at $1,060, with a paper profit of 17%. - Shorting Tesla at $416, with a paper profit of 8.7%. If $100 million were evenly allocated across these positions, the total profit would be approximately 14.7%, or $14.67 million. With the exception of NVIDIA, nearly all positions have hit their peaks—truly remarkable. Poor crypto investors: just finished being exploited in the crypto space, everyone turned to U.S. stocks, only to get caught again. My view remains unchanged: a historic global financial crisis is imminent, and the global stock market correction will far exceed 30%—possibly reaching 70%.