Core Viewpoint - Michael Burry has intensified his criticism of Nvidia and other AI companies, asserting that he is betting against both Nvidia and Palantir, highlighting concerns over their financial practices and market valuations [1][2][7]. Company Analysis - Burry criticized Nvidia's recent memo to analysts, claiming it misrepresented his views and contained numerous fallacies, describing it as almost a hoax [2][3]. - He emphasized that Nvidia's depreciation accounting practices could lead to significant future writedowns, as companies may extend the useful life of their assets to inflate short-term profits [4][6]. - Burry pointed out that Nvidia's argument regarding the continued use of older-generation chips is flawed, as he believes newer chips may become obsolete between 2026 and 2028 [3][4]. Market Reaction - Nvidia's stock has declined by 14% since its peak on November 3, reflecting growing investor concerns about potential overspending and overvaluation in the AI sector [6]. - Burry's bearish positions on Nvidia and Palantir, with a combined notional value of $1.1 billion, were revealed to have cost him approximately $10 million each [8].