A buried Nvidia warning could shake the entire AI buildout

Nvidia is no longer ignoring Michael Burry. The chipmaker quotes him explicitly and corrects him. Nvidia released a secret seven-page note to Wall Street analysts in which it fought back against the "Big Short" investor's concerns about an AI bubble, what he refers to as "distorted earnings." The chip giant wrote to him by name and said that his calculation was wrong: The memo also pushed back against his assessment of how long clients keep Nvidia's chips in operation. It informed investors that hyperscal ...