Fearless of the surge in tech stocks! "Big Short" investor Michael Burry remains firmly bearish and warns that the U.S. stock market may be approaching a significant peak.

Despite the S&P 500 index hitting a new all-time high, Michael Burry, known for successfully predicting the 2008 financial crisis, remains bearish and warns that the current U.S. stock market may be approaching a significant top, not ruling out the possibility of a sharp decline similar to Black Monday in 1987. Burry stated on Tuesday: I still believe that we may be nearing a significant top, and a drop like that in 1987 could occur. However, the S&P 500 continually reaching new highs is likely to attract new capital to flow into the market. On Tuesday, driven by better-than-expected corporate earnings, rising market expectations for the resumption of shipping in the Strait of Hormuz, and continuing declines in oil prices, the S&P 500 rose 1.79%, closing at a historic high for the first time since June; the tech-heavy Nasdaq Composite increased by 2.59%, with a cumulative gain of nearly 5% over the first two trading days of the week. However, Burry remains one of Wall Streets most steadfast skeptics of the AI boom. He believes that the current demand for artificial intelligence infrastructure investment is largely driven by some financing arrangements that may be difficult to sustain, rather than being entirely based on robust fundamentals. He pointed out that the current market rise is creating a self-reinforcing cycle: as market volatility decreases, volatility-targeting quant funds are passively increasing their stock positions, while other momentum strategy funds are further leveraging, which continues to push the market higher. Burry stated: It is important to remember that when the market continues to rise in the context of declining volatility, it will force volatility-targeting funds to increase leverage and will also attract more funds that rely on momentum strategies into the market. Despite the recent rebound in U.S. stocks, Burry continues to maintain several short positions, including shorting the semiconductor ETF (SOXX.US), Micron Technology, Inc. (MU.US), NVIDIA Corporation (NVDA.US), Carter's Incorporated (CAT.US), Palantir (PLTR.US), Tesla, Inc. (TSLA.US), and Applied Materials (AMAT.US). However, he also mentioned that if the related trading trends turn significantly unfavorable to his judgment, he would choose to cut losses and exit. Currently, most of his short positions remain profitable, with only the short position in NVIDIA Corporation still experiencing losses. For regular investors, Burry specifically cautioned that shorting is not suitable for everyone. He said: I must short, but most people shouldnt.