On September 24, CNBC reported that 'Big Short' investor Michael Burry believes the current structural shortage of storage chips driven by AI development is only a temporary phenomenon. As production capacity gradually catches up with demand over the next two years, the storage chip industry may revert to its traditional cyclical ups and downs, putting pressure on tech stocks that have driven the Nasdaq 100 index to new highs. Burry stated that he is increasing his short positions on storage chip manufacturer Micron Technology, AI cloud computing platform Nebius, iShares Semiconductor ETF (SOXX), and data analytics software company Palantir, while continuing to hold put options. However, if the relevant stocks reach new highs again, he will consider covering some of his shorts. Burry cited Acer CEO Jason Chen's viewpoint that China's storage chip production capacity continues to increase, making long-term shortages difficult to sustain; currently, some product prices are rising while others have begun to decline. Sujai Shivakumar, an economist at the Center for Strategic and International Studies, also warned that while the expansion of China's DRAM and NAND capacity may alleviate short-term supply pressures, it could also lead to risks of oversupply, price dumping, trade friction, and increased market dependence on Chinese suppliers. Burry also described the Nasdaq 100 index as being 'historically overvalued and highly concentrated.' The index rose nearly 1% on Tuesday, closing at a historic high of 30,732 points, with five out of the last six trading days showing gains. BTIG technical analyst Jonathan Krinsky noted that the Nasdaq 100 index has remained roughly flat since mid-August, but the proportion of constituent stocks above the 200-day moving average has dropped from 77% to 56%, indicating a weakening overall strength in AI trading. While expanding his short positions, Burry has also increased his holdings in QXO, Build-A-Bear Workshop, Sprouts Farmers Market, Birkenstock, and MercadoLibre. He stated that these stocks have undergone significant adjustments, making current prices attractive, and his related holdings have now reached his planned full position.