⚡️Revisiting the predictions of two global short sellers: Gao Zhikai, a former Morgan Stanley executive, predicted a global financial crisis within the next 12 months, triggered by the bursting of the AI bubble, far exceeding the scale of the 2008 subprime mortgage crisis. Michael Burry, who rose to fame by shorting the subprime mortgage crisis in 2008, predicted that the US stock market would peak within nine months. He is currently heavily shorting the Nasdaq 100 and semiconductor stocks, including Nvidia. Don't think this is alarmist. Look at CoreWeave (CRWV), the most typical "highly leveraged computing power landlord" in this wave of AI infrastructure construction. It borrows money to buy Nvidia GPUs, build data centers, and then lease them to major clients like Microsoft and OpenAI. Its stock price and bonds are the "thermometer" of the entire AI credit risk. Currently priced at $43.66, it plummeted 9.83% on Thursday. The price drop is not the "result," but the "fuel." Financing is harder, collateral is weaker, customers are more hesitant, and the market is more panicked, which in turn continues to drive down prices. Once the cycle starts, it's difficult to stop it on its own. In 2008, subprime mortgages triggered the global financial crisis. In 2027, AI subprime mortgages may trigger the global financial crisis. This time, the money borrowed isn't for houses, but for computing power.