According to CoinMeta, as reported by GlonHub, "big bear" Michael Burry took advantage of the Nasdaq 100 index rebounding to around 27,000 points on November 12 to double his short options position and re-established a short options position in Van Eck semiconductors ETF, with the related option expiration date set for early 2027. Burry compared the Nasdaq 100 index's peak on October 6 to the top of the internet bubble in 2000, believing that the current AI boom may be forming a new round of a "bull trap," and predicted that chip stocks and the tech sector will experience a significant correction before mid-2027. In response to the resignation of NVIDIA CEO Jensen Huang, Burry advised investors to "get out," suggesting that changes in leadership could impact NVIDIA's profit margins and growth prospects, and affect the entire AI infrastructure industry chain. He also specifically mentioned NVIDIA's important customers CoreWeave and Nebius, as well as chip manufacturer TSMC, believing that these companies could be affected by the chain reaction.