Nvidia name-checks Michael Burry in secret memo pushing back on AI bubble

And this fight is actually escalating. And I say that because Bur, who is the investor who called the housing crisis, claims big technology is cooking the books by depreciating AI chips over 5 to 6 years when they really burn out in two to three. By his math, that understates cost by roughly 176 billion through 2028.Depreciation is just how companies spread out the cost of equipment over its useful life. So, if you say a chip lasts six years instead of three, you only expense half as much each year, which m ...