Burry's Billion-Dollar Bet: Nvidia's AI Future

Michael Burry, known for his role in The Big Short, has placed a billion-dollar bet against Nvidia, the leading AI chip maker. Burry accuses Nvidia of stock-based compensation reducing shareholder earnings, overstating equipment lifespan, and inflating demand through a circular financing scheme. Nvidia denies these claims, but Burry stands firm, comparing Nvidia to Cisco in the late nineties. The market wonders if Burrys warnings could trigger the market correction he predicts.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.