techcrunch.com
Michael Burry, known for predicting the 2008 financial crisis, is aggressively betting against Nvidia and the AI boom, alleging accounting manipulations and a cyclical financing scheme. He criticizes Nvidia’s stock compensation and claims inflated GPU lifespan estimates. Nvidia defends its practices, but Burry compares them to Cisco’s late 90s overbuilding. Burry, freed from regulatory constraints after deregistering his firm, launched a Substack newsletter to amplify his warnings. With 90,000 subscribers, his influence could trigger the market collapse he predicts, akin to how critics like Jim Chanos and David Einhorn accelerated the downfall of Enron and Lehman Brothers.
