Key insights
- Michael Burry, known for his "Big Short" bet against the housing market, is reportedly shorting Nvidia (NVDA). This move raises concerns about potential overspending on AI within the tech sector. While the original post focuses on software companies, Burry's short position in NVDA, a hardware provider, suggests a broader skepticism about the AI boom's sustainability and Nvidia's valuation. This could signal a potential correction in the AI-related stock surge.
So Michael burry is shorting NVDA. I have been concerned about big tech software spending too much on AI. like Oracle, facebook, google, even MSFT. I am thinking one will go under or merge in 5+ years. But NVDA? they are hardware. thoughts?