【特稿】美国知名空头“死咬”英伟达

Core Viewpoint - Michael Burry, a well-known short-seller, reiterates his bearish stance on Nvidia, suggesting that the current AI hype in the U.S. is a "magnificent absurdity" and that Nvidia is a precursor to a potential bubble burst in the AI industry [1][2]. Group 1: Market Analysis - Burry compares the current AI boom to the internet bubble, highlighting that Nvidia, like Cisco during the late 1990s, is at the center of this phenomenon [1]. - He notes that Nvidia has become the world's most valuable company with an estimated valuation of approximately $5 trillion, mirroring Cisco's record market cap during the internet bubble [1]. Group 2: Financial Concerns - Recent scrutiny by Burry includes concerns over "circular investments" among U.S. AI companies, revenue recognition methods, and how tech giants account for depreciation on computing equipment [2]. - Questions have been raised regarding the longevity of Nvidia's graphics processing units (GPUs) and whether its AI infrastructure spending can be sustained [2]. Group 3: Company Response - Nvidia's CEO, Jensen Huang, dismissed concerns about a bubble, asserting that the company's business remains strong despite Burry's criticisms [3].