The real-life inspiration for the movie *The Big Short*, Michael Burry, said this Thursday that he has started shorting Micron Technology, with an opening short price of $1051.87. He predicts AI chip stocks will drop 30%, citing three reasons: valuations are at historical extremes, technical patterns show a peak, and industry cycles point downward. AI has been showing some weakness lately, but even bulls need to lower their heads to drink water—pullbacks are healthier! Wait, didn’t we say the same thing about $125K BTC back in the day?