The US stock market falls across the board, legendary investors aggressively shorting AI bull stocks.

Overnight, the three major stock indexes in the U.S. market all suffered heavy losses, with the Nasdaq plummeting over 2%. Technology stocks were heavily sold off, with companies like Tesla and Nvidia experiencing significant drops in their stock prices. Legendary investor Michael Burry's Scion Asset Management has around 80% of its holdings concentrated on shorting "AI tech bulls" Palantir and Nvidia, a bet of such scale that it has caught the market's attention. Previously, he had issued cryptic warnings to retail investors about market frenzy. Goldman Sachs CEO David Solomon has warned that the U.S. stock market could see a 10% to 20% pullback in the next 12 to 24 months.