AI enthusiasts have entered a dangerous stage! "Big Short" Berry once again urges investors to reduce their positions in technology stocks.

On Monday, "The Big Short" Michael Burry, famous for predicting the 2008 U.S. housing crisis, issued a warning about the current AI-driven U.S. stock market, stating that the market environment has reached a dangerous stage similar to historical speculative bubbles, and advised investors to reduce exposure to tech stocks. Burry wrote on Sunday that with the AI frenzy and momentum trading continuing to push up tech stock valuations, investors should now "refuse to be greedy." He wrote, "For most people, the simpler way is to reduce stock positions, especially in tech stocks. For those stocks that have already shown parabolic rises, they should almost completely reduce positions." In the past few months, Burry has warned multiple times that the current U.S. stock market's enthusiasm for AI is becoming more and more like the final stage of the dot-com bubble. Last week, he compared the recent performance of Philadelphia Semiconductor to the rising trajectory before the tech stock crash in March 2000, and described the current market environment as "very much like the last few months of the dot-com bubble from 1999 to 2000." Burry also revealed that he currently maintains a significant leveraged short position to hedge against a basket of stocks he believes are undervalued and underperforming, similar to the strategy he took during the dot-com bubble in 2000. However, Burry also emphasized that most ordinary investors are not suitable for shorting the market directly. He said, "Shorting is not the answer, nor is it something most people should do." He pointed out that currently, whether buying puts or directly shorting stocks, the costs are very high and could also bring significant risks. Burry stated that in the current market environment, a more reasonable strategy is to increase cash holdings, wait for more attractive entry opportunities in the future. He said, "History tells us that even if this party can continue for a week, a month, three months, or even a year, the end result is often lower prices." Currently, Wall Street is increasingly debating whether the U.S. stock AI market has deviated from the fundamentals. Despite escalating tensions in the Middle East, major U.S. stock indices continue to hit all-time highs, with a large amount of funds continuing to flow into semiconductors and large tech companies.