以下文章来源于科创日报 ，作者史正丞 科创日报 . 科创圈都在关注的主流媒体，上海报业集团主管主办，《科创板日报》出品。 因公开挑战美股AI龙头估值成为市场焦点的迈克尔·贝瑞（Michael Burry），在 数小时前宣布他管理的Scion基金已经从美国证券交易委员 会撤销注册 。 外界之所以关注贝瑞，是因为他成功押注2008年美国次贷泡沫破灭。他的事迹还被拍成奥斯卡获奖电影《大空头》，成为那段市场浩劫的 代表人物之一。 近两周时间里，他管理的Scion基金先是提前放出13F表，显示 分别持有AI软件和硬件大牛股Palantir、英伟达的看跌期权 。然后在社交媒 体上屡次发言，强调市场正处于泡沫状态，并 指责科技巨头偷偷增加算力芯片的折旧时间 ，从而减少大规模投资对利润表的影响。 贝瑞11日还预告称，更多细节将会在11月25日公布。从事后看来，他发帖质疑折旧的时间点，已经完成了终止基金注册的手续。 | SEC / | REGISTRATION | EFFECTIVE 2 | | --- | --- | --- | | JURISDICTION | STATUS | DATE | | SEC | Termina ...

Core Viewpoint - MP Materials has experienced a significant stock increase of 250% this year, drawing comparisons to tech giant Nvidia due to its critical role in supplying rare-earth metals essential for modern technology [1][7]. Company Overview - MP Materials operates a rare-earth mine in Mountain Pass, California, positioning itself as one of the few U.S. companies capable of capitalizing on the widespread use of rare-earth magnets [2][3]. - The company's products are deemed essential for various applications, including smartphones, laptops, and electric vehicles, highlighting the growing demand for rare-earth metals [2][3]. Market Dynamics - The scarcity of rare-earth metals, particularly due to China's dominance in the market, has led to increased stock prices for MP Materials, with the Trump administration investing $400 million to support U.S. independence from Chinese imports [6][7]. - While both MP Materials and Nvidia benefit from scarcity in their respective markets, the nature of their businesses differs significantly, with Nvidia focusing on high-margin tech products and MP being a capital-intensive mining operation [4][8]. Growth Potential - MP Materials is in the process of building its second magnet factory, which is expected to enhance revenue growth and free cash flow, potentially allowing the company to capitalize on the increasing demand for rare-earth metals [9]. - Despite the growth potential, MP Materials faces execution risks related to scaling magnet production and currently holds a rich valuation despite being unprofitable [9][10]. Valuation Comparison - To match Nvidia's current valuation, MP Materials would need to increase its stock price by approximately 44,900%, indicating the challenges it faces in achieving a similar market position [10].

近几周来，市场对"AI 泡沫"的忧虑持续升温。高盛、摩根大通及摩根士丹利等投资银行巨头的掌门人 纷纷警告，市场可能即将迎来一次回调。 对冲基金经理迈克尔・伯里（Michael Burry）—— 其在 2008 年金融危机前做空美国房地产市场的操作 曾被电影《大空头》生动刻画 —— 目前已押注 8.35 亿英镑做空英伟达与帕兰提尔（Palantir）。 软银首席财务官后藤裕光（Yoshimitsu Goto）坦言："我无法断言我们是否正处于 AI 泡沫之中。"此番 言论恐令投资者不安。 分析人士指出，此次减持表明软银首席执行官孙正义已认为推动英伟达上月成为全球首家市值达 5 万亿 美元企业的涨势正逐步失去动能。 英伟达股价昨夜在纽约市场下跌 3%，尽管其当前市值仍维持在约 4.7 万亿美元左右：自今年 4 月以来 股价已翻倍，三年内更上涨逾十倍。 软银方面表示，此次出售旨在为新的 AI 投资提供资金，尤其是支持孙正义对 ChatGPT 开发商 OpenAI 的"All-in"式押注。 后藤裕光解释称："今年我们对 OpenAI 的投资规模庞大 —— 需投入逾 300 亿美元（现汇率约合 2134.4 亿元人民币 ...

Market Analysis by covering: Microsoft Corporation, Amazon.com Inc, NVIDIA Corporation, Liberty All Star Growth Closed Fund. Read 's Market Analysis on Investing.com ...

Market Analysis by covering: Euro US Dollar, British Pound US Dollar, US Dollar Japanese Yen, Australian Dollar US Dollar. Read 's Market Analysis on Investing.com ...

格隆汇11月13日丨卓胜微(300782.SZ)在投资者互动平台表示,公司与nvidia arc项目暂无关联关系。 ...

Gene Munster says Nvidia Corp.'s (NASDAQ:NVDA) growth story remains intact despite short-term risks as investors brace for a "Catch-22" scenario around next week's earnings.Nvidia's Guidance Could Backfire Either WayOn Wednesday, ahead of Nvidia's earnings next week, Deepwater Asset Management's Gene Munster said that he believes the AI giant faces a "Catch-22" that could unsettle investors no matter how strong the results are."I remain positive on shares of NVDA and believe over the next two years growth w ...

Core Insights - Nvidia is the world's largest company with a market capitalization of $4.6 trillion, significantly influencing the S&P 500 and Nasdaq-100 indices [2][3] - The upcoming quarterly operating results on Nov. 19 are critical, as they could impact Nvidia's stock price and the broader market [3][16] Company Performance - Nvidia is expected to report $54 billion in revenue for the fiscal 2026 third quarter, representing a 54% increase year-over-year, with approximately 90% of this revenue coming from the data center segment [9][10] - Wall Street anticipates earnings of around $1.25 per share for the quarter, which will heavily influence Nvidia's stock price post-report [10] - Analysts are looking for a revenue forecast of $61.3 billion for the fourth quarter, which could indicate higher GPU demand than previously expected [11] Product Dominance - Nvidia's H100 GPU holds a 98% market share in 2023 for AI model development, while the new Blackwell Ultra GB300 chip offers up to 50 times more performance than the H100 [5][6] - The demand for the Blackwell Ultra GB300 chip is currently outstripping supply, and investors are keen to hear updates on its sales [6][7] Market Positioning - Nvidia's price-to-earnings (P/E) ratio is currently 53.5, which is a 12% discount to its 10-year average of 61.2, with expected earnings growth to $6.68 per share in fiscal 2027 leading to a forward P/E ratio of 28.1 [14][16] - The stock may need to increase by 90% over the next 12 to 18 months to maintain its current P/E ratio, indicating significant growth potential [16]

Michael Burry, the investor who rose to fame for his prescient bet against the 2008 housing market, and most recently for his bets against Palantir Technologies Inc. (NASDAQ:PLTR) and Nvidia Corp. (NASDAQ:NVDA) , has de-registered his hedge fund, Scion Asset Management, LLC.Burry De-Registers Scion Asset ManagementData from the SEC’s Investment Adviser Public Disclosure (IAPD) website confirms the firm is “NOT currently registered”. The public database shows Scion’s registration as an investment adviser was ...

Core Viewpoint - Michael Burry, a well-known investor who accurately predicted the subprime mortgage crisis, has raised concerns about the AI sector, alleging that major U.S. tech companies are artificially inflating profits through aggressive accounting practices [1][3]. Group 1: Accounting Practices - Burry pointed out that cloud computing and AI infrastructure giants, including Meta, Oracle, Microsoft, Amazon, and Google, are extending the depreciation periods of chips and servers to artificially lower annual depreciation costs, thereby exaggerating profit performance [3]. - He emphasized that this practice is one of the "most common financial fraud techniques" in modern financial reporting, with some companies extending equipment depreciation periods to six years despite actual product lifespans of only two to three years [3]. - Burry estimated that the AI industry could see an inflated profit of up to $176 billion due to underestimated depreciation from 2026 to 2028, specifically highlighting that Oracle and Meta's profits could be overestimated by approximately 27% and 20%, respectively, by 2028 [3]. Group 2: Market Reactions - Following Burry's statements, Nvidia and Palantir experienced significant market volatility, reflecting increasing investor disagreement over AI valuations [7]. - SoftBank's recent liquidation of Nvidia shares, cashing out $5.8 billion, has further fueled speculation that the AI boom may be peaking [7]. - A report from Bank of America indicated that the market is severely underestimating the future growth potential of depreciation expenses for tech giants, with Google, Meta, and Amazon potentially underestimating depreciation expenses by nearly $16.4 billion by 2027 [7]. Group 3: Future Developments - Burry has committed to revealing more details on November 25, indicating that the controversy surrounding the "wealth myth" of AI is still evolving [7].