Silicon Valley rode high on AI bets for months, with chips, models, and platforms soaring if AI was in the name. But the bubble burst when big tech shares plummeted, dragging global markets down and erasing 730 billion dollars in one day. The catalyst: Michael Burry, famed for predicting the 2008 crash, made a huge wager against AI stocks, sparking bubble concerns. Is this the end of AI hype, or just a temporary slowdown before the next surge? Palki Sharma explains.