Steve Eisman Disagrees With Michael Burry On AI Depreciation Math: 'Don't Think His Concerns Matter That Much' - Meta Platforms (NASDAQ:META), NVIDIA (NASDAQ:NVDA)

Group 1 - Investor Steve Eisman disagrees with Michael Burry's concerns regarding the accounting practices of major technology companies related to their AI infrastructure spending, suggesting the issue is not as significant as Burry claims [1][2][5] - Burry has raised alarms about companies like Meta Platforms Inc. and Oracle Corp. potentially overstating their earnings by 26.9% and 20.8% respectively by 2028 due to changes in depreciation schedules [4][5] - Eisman acknowledges Burry's calculations but believes that the long-term impact of these accounting changes on AI investments will not be meaningful [5][6] Group 2 - The critical question surrounding AI spending is the returns and cost savings that these substantial investments will generate, which remains uncertain for the time being [6] - Burry has expressed dissatisfaction with the performance of his hedge fund, Scion Asset Management, indicating a disconnect with market trends and valuations [6][7] - Burry has hinted at a new development set to begin on November 25, 2025, suggesting a shift in focus to "much better things" [7]