Main Article:
Michael Burry is sounding an awful lot like the investor [Jim Chanos] who shorted Enron.
He estimated that Meta, Google, Oracle, Microsoft, and Amazon — five hyperscalers and some of the biggest names in the AI trade — would "understate depreciation" by around $176 billion between 2026 and 2028.
"But it gets worse. More detail coming November 25th," he added.
Additional Articles:
[CNBC] - ‘Big Short’ investor Michael Burry accuses AI hyperscalers of artificially boosting earnings
[AOL] - Michael Burry's Latest Warning Could Be Bad News for CoreWeave
[BI, 8/26/25] - The guy who shorted Enron has a warning about the AI boom
2 Comments
j4k3@lemmy.world · 3 pts · 279d
After hearing about his gamble, hearing any more without results is irrelevant poisoning the pot.
iAmTheTot@sh.itjust.works · 3 pts · 279d
Not to defend AI, because I'm not, but hasn't this guy historically been wrong more than he was right?
redsand@lemmy.dbzer0.com · 2 pts · 279d