'There is a Cisco': Why 'Big Short' investor Michael Burry is betting against Nvidia and Palantir
Michael Burry, famous for his housing market bet, is now shorting AI giants Nvidia and Palantir. He criticizes their accounting practices, particularly how cloud companies extend chip depreciation, inflating current earnings. Burry warns this AI boom mirrors the dot-com bubble, with Nvidia at its center, potentially leading to significant financial overstatements.
Michael Burry, famous for his housing market bet, is now shorting AI giants Nvidia and Palantir. He criticizes their accounting practices, particularly how cloud companies extend chip depreciation, inflating current earnings. Burry warns this AI boom mirrors the dot-com bubble, with Nvidia at its center, potentially leading to significant financial overstatements.
