The S&P 500 just hit a new high. ‘Big Short’ investor Michael Burry thinks it could bring a 1987-style fall.

The famed investor says watch out after that S&P 500 surge on Tuesday. He’s not budging from some bearish tech views.

"I continue to believe it is possible we are near a major top, and possible a 1987-type fall," Burry said in a Tuesday Substack post.

Michael Burry from "The Big Short" took aim at chip stocks in July. Bloomberg/Getty Images Michael Burry likely won big with his bets against microchip stocks last month. The "Big Short" investor said he bet against the iShares Semiconductor ETF, which fell 21% in July. Burry, a vocal skeptic of the AI boom, has been