Burry Bets Against Nvidia, Criticizes AI Depreciation

Michael Burry, known for his bearish market predictions, has intensified his criticism of Nvidia and Palantir, two major AI companies. He recently revealed hes betting against them, expressing disbelief at Nvidias responses to his concerns about depreciation. Burry believes AI companies might extend depreciation periods to boost short-term profits, potentially leading to significant write-downs later. Nvidias shares have dropped fourteen percent since Burrys comments, as investors grow worried about potential overspending and overvaluation in the AI sector.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.