Benzinga·2025-11-12 16:49Group 1 - Michael Burry is betting against major AI companies, claiming they are underreporting depreciation on aging compute infrastructure, potentially overstating earnings by $176 billion from 2026 to 2028 [1] - Burry's short positions include put options on Nvidia and Palantir Technologies, with Oracle and Meta identified as significant offenders in earnings overstatement [1] - Growth stocks have seen a sharp pullback, while value stocks and mega-cap companies have remained stable, indicating a narrowing leadership in the market [2][4] Group 2 - The earnings season is winding down, with Nvidia's upcoming report being crucial for assessing AI momentum and datacenter demand [5] - If Nvidia reports strong results, it may undermine Burry's position, but any signs of soft guidance or inventory buildup could support his concerns about inflated AI optimism [8]