Michael Burry is no stranger to controversial market calls. The hedge fund manager and founder of Scion Capital cemented his place in Wall Street history by predicting the subprime lending market crash in 2008. His high-stakes bet earned him $100 million, while his investors banked $725 million. The events were immortalized in the movie The Big Short, and Burry still turns heads with his headline-making calls.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The legendary investor's most recent target has been artificial intelligence (AI) and, more specifically, Nvidia (NASDAQ:NVDA). Burry takes issue with the industry's estimates of the useful life of semiconductors used in AI, believing they are too long.
However, Nvidia CEO Jensen Huang just put a nail in Burry's bear case.
Image source: Nvidia.
#market #calls
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The legendary investor's most recent target has been artificial intelligence (AI) and, more specifically, Nvidia (NASDAQ:NVDA). Burry takes issue with the industry's estimates of the useful life of semiconductors used in AI, believing they are too long.
However, Nvidia CEO Jensen Huang just put a nail in Burry's bear case.
Image source: Nvidia.
#market #calls
17 hours ago
