US Edition'Big Short' Michael Burry Doubles Down On Bear Case After Nvidia Pushes Back In Wall Street Note - NVIDIA (NASDAQ:NVDA)
Nvidia disputes Michael Burry's claims about $91 billion in stock repurchases and defends employee compensation and AI market sustainability amid recent criticism.
- On Tuesday, Nvidia circulated a private memo to Wall Street analysts naming Michael Burry and pushing back on his criticisms in response to recent public posts.
- Michael Burry argued that Nvidia's $112.5 billion buybacks provided no shareholder value and warned the AI boom resembles telecom-era overbuild with nearly $3 trillion in AI infrastructure spending.
- Stating specific defenses, the memo said Nvidia's repurchase figure was lower than Burry's $112.5 billion claim due to RSU taxes, defended GPU depreciation over four to six years, and rejected circular financing claims.
- Analysts rallied to Nvidia's defense, disputing Days Sales Outstanding and inventory spike claims, while Nvidia shares finished the regular session up 2.05% at $182.55 before falling 1.50% in extended trading.
- Burry refused to back down on Tuesday and vowed a deeper Substack analysis after closing Scion Asset Management to outside cash and launching his newsletter.
12 Articles
12 Articles
'Big Short' Michael Burry Doubles Down On Bear Case After Nvidia Pushes Back In Wall Street Note - NVIDIA (NASDAQ:NVDA)
“Big Short” investor Michael Burry is refusing to back down from his bearish stance on Nvidia Corp. (NASDAQ:NVDA), publicly reaffirming his analysis just hours after the chipmaker circulated a private memo to Wall Street refuting his claims. Burry Brushes Off Nvidia's Rebuttal Memo “I stand by my analysis,” Burry declared on X early Tuesday, directly addressing the company’s note. Burry dismissed the company’s defense, stating that his full thes…
Read Nvidia’s rebuttal to Michael Burry’s criticism that the AI chip titan has hurt shareholder value
Michael Burry Jim Spellman/WireImage Nvidia is responding to recent criticism from investor Michael Burry of “The Big Short” fame. The company sent a note to analysts that directly named Burry. Burry has recently been critical of Nvidia and voiced skepticism over the AI boom. Nvidia is pushing back after investor Michael Burry of “The Big Short” fame took aim at the company. A note Nvidia sent to a Wall Street analyst, a copy of which was obtai…
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