【环球财经】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][3]. Group 1: Market Analysis - Burry compares the current AI boom to the internet bubble, highlighting that Nvidia is at the center of this phenomenon, similar to Cisco during the late 1990s [3]. - Nvidia has become the highest-valued company globally, with an estimated valuation of approximately $5 trillion, mirroring Cisco's market dominance in its time [3]. Group 2: Financial Performance and Concerns - Burry emphasizes the importance of examining Nvidia's revenue recognition methods and the "circular investment" among AI companies, which could indicate underlying financial instability [3]. - Questions have been raised regarding the longevity of Nvidia's GPU technology and whether its AI infrastructure spending can be sustained [4]. Group 3: Historical Context - Burry references Cisco's stock price surge of 3800% from 1995 to 2000, followed by an over 80% decline after the bubble burst, suggesting a similar fate could await Nvidia [3].