Over the weekend, investor Michael Burry questioned the financial plumbing behind the artificial intelligence boom, arguing that complex financing arrangements may be masking how billions of dollars worth of Nvidia Corp (NASDAQ:NVDA) GPUs are funded and held across balance sheets.
Michael Burry Calls Nvidia AI Boom ‘Fugazi'
Burry, known for predicting the 2008 housing crash, pushed back against optimism around Nvidia after CNBC's Jim Cramer said the chipmaker remained a winner despite the stock feeling "heavy again."
Responding to Cramer, Burry wrote, "There are good reasons for this Jim. It is all Fugazi. How to make tens of $billions worth of NVDA GPUs disappear from balance sheets in 8-12 byzantine stepspvs."
Source: X
