According to the source, a report claims Michael Burry placed roughly $1.1 billion in bearish positions against AI mega-cap equities, a headline that could influence flows in AI-linked indices and options if confirmed. Source: user-provided report. Traders should verify any such exposure via SEC Form 13F on EDGAR, as hedge funds disclose equity and listed-option holdings within 45 days after each quarter end. Source: U.S. Securities and Exchange Commission (SEC). AI leadership remains concentrated in a handful of megacaps that are among the heaviest weights in the S&P 500 and Nasdaq 100, meaning positioning shifts can ripple through broad tech beta and semiconductor ETFs like QQQ and SOXX. Sources: S&P Dow Jones Indices; Nasdaq; iShares. Crypto has traded with risk-on characteristics since 2020, with research documenting higher BTC-equity correlations during stress, so a tech-led drawdown can spill into BTC and ETH in risk-off episodes. Sources: IMF Global Financial Stability Note (2022); BIS Bulletin (2022).