Storied investor Michael Burry has talked the AI-bubble talk, and now he’s walking the walk. Burry, made famous in the 2015 film The Big Short for his prescience on the 2008 housing market collapse, disclosed some cynical bets against tech giants Nvidia and Palantir amid concerns of AI company valuations swelling beyond their true worth. Scion Asset Management, Burry’s hedge fund, bought more than $1 billion in put options on the two tech companies, according to regulatory filings released on Monday for ...

Core Viewpoint - AMD's stock has surged over 50% in the last month, trading just below its all-time high, largely due to a strategic partnership with OpenAI for computing power [1][4]. Financial Performance - AMD shares have increased more than 110% year-to-date, with expectations for the upcoming earnings report indicating an EPS of $1.17 and revenue of $8.72 billion, up from $0.92 and $6.8 billion in the same quarter last year [2][4]. - The company has experienced a significant run-up in stock price, with a 112% increase year-to-date and an 82% increase over the last 12 months [8]. Strategic Partnerships - AMD's partnership with OpenAI involves supplying six gigawatts of GPUs for data centers, with OpenAI purchasing over 160 million shares of AMD, representing about 10% of the company [5]. - Another deal with Oracle aims to deploy up to 50,000 GPUs across Oracle's cloud data centers, although the financial impact of these deals is expected to be felt in future quarters rather than the current one [6][9]. Market Position - Despite AMD's impressive stock performance, it still trails behind Nvidia, which holds a majority market share in the AI sector and recently saw its market cap exceed $5 trillion, while AMD's market cap is just below $418 billion [8][9]. Analyst Sentiment - Analysts express caution regarding AMD's ability to maintain its stock price momentum, suggesting that the current valuation may be unsustainable given the high expectations set by recent stock performance [11][15].

LAGUNA HILLS, Calif.--(BUSINESS WIRE)-- #AI--BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), a global leader in ultra-low power, fully digital, event-based neuromorphic AI, today announced the launch of its AKD1500, a neuromorphic Edge AI accelerator co-processor chip, at Embedded World North America. Designed to deliver exceptional performance with minimal power consumption, the AKD1500 achieves 800 giga operations per second (GOPS) while operating under 300 milliwatts—setting a new ben. ...

Nvidia (NVDA) shares are in focus today after Microsoft (MSFT) said it has received U.S. approval to ship the giant’s advanced artificial intelligence (AI) chips to the United Arab Emirates (UAE). The announcement marks the first major chip export authorization under stringent U.S. security protocols and will substantially enhance the region’s AI infrastructure capabilities. More News from Barchart At the time of writing, Nvidia stock is up a remarkable 130% versus its year-to-date low set in April. ww ...

The markets are looking ahead to oral arguments at the Supreme Court this Wednesday about whether President Trump's reciprocal tariffs are legal. Oral arguments may provide hints about how the Supreme Court might rule. The Supreme Court is expected to issue its ruling by late this year or early in 2026. Lower courts have already ruled that Mr. Trump's reciprocal tariffs are illegal, finding they are based on a specious claim of emergency authority under the 1977 International Emergency Economic Powers Act. ...

Investor Michael Burry disclosed on Monday that his hedge fund, Scion Asset Management, has taken positions against tech heavyweights Nvidia (NVDA) and Palantir (PLTR). Burry, who rose to fame for correctly predicting the US housing market bubble and subsequent stock market crash in 2008, has taken out puts — or trades that benefit from a stock price falling — on two of Big Tech's darlings. Palantir raised its full-year revenue outlook to $4.4 billion and beat estimates for third quarter revenue, but the ...

Group 1: Michael Burry's Investment Moves - Investor Michael Burry's hedge fund, Scion Asset Management, has taken positions against Nvidia and Palantir by purchasing put options [1] - Burry is known for his contrarian investment style and has previously predicted market bubbles, including the 2008 housing market crash [4][5] - Scion Asset Management currently manages approximately $155 million in assets [5] Group 2: Palantir's Financial Performance - Palantir raised its full-year revenue outlook to $4.4 billion and exceeded third-quarter revenue estimates [2] - Despite the positive outlook, Palantir's shares fell by as much as 7% due to concerns over stock valuation [2] Group 3: Nvidia's Market Situation - Nvidia's shares fell by more than 2% in early trading ahead of its earnings report scheduled for November 19 [3] - President Trump stated that the US would not permit Nvidia to sell its advanced chips to Chinese buyers, citing national security concerns [3] Group 4: Market Context and Sentiment - The tech-heavy Nasdaq Composite has gained over 20% this year, driven by soaring AI stock valuations [6] - Burry's commentary on market bubbles suggests a cautious approach, indicating that sometimes the best strategy is to refrain from investing [6]

Core Insights - Nvidia stock experienced a significant increase as Wall Street analysts raised their price targets, indicating strong support for the stock [1][2] - The company recently achieved a milestone by becoming the first to reach a market capitalization of $5 trillion, highlighting its dominance in the artificial intelligence chip sector [1] Group 1: Stock Performance - Nvidia shares rose after two consecutive days of losses, reflecting a rebound in investor confidence [1] - Loop Capital was among the analysts that increased their price targets for Nvidia, contributing to the stock's upward momentum [1] Group 2: Market Context - The broader stock market showed positive movement, with Nvidia's rally being part of a larger bounce back for big tech companies [4] - The performance of Nvidia is closely tied to its relationships with major players like Amazon, as highlighted by Amazon's CEO Andy Jassy [4]

Core Viewpoint - Palantir Technologies' CEO Alex Karp criticized short-sellers, particularly targeting investor Michael Burry, highlighting the irrationality of betting against profitable companies in the AI sector [1][2][3]. Group 1: Short-Selling Activity - Michael Burry's hedge fund, Scion Asset Management, held put options valued at approximately $912 million against Palantir and about $187 million against Nvidia as of September 30 [2]. - Karp described the behavior of short-sellers as "egregious" and expressed confidence that their positions would be proven wrong [3]. Group 2: Market Reaction - Despite Palantir outperforming Wall Street expectations for the third quarter and providing positive guidance, its stock fell by 7% on the day of Karp's comments [4]. - Nvidia's shares also experienced a decline of nearly 2% on the same day [4]. Group 3: Burry's Market Commentary - Burry previously warned about potential market bubbles, suggesting that sometimes "the only winning move is not to play" [5]. - He referenced an AI bubble in a post on X, indicating skepticism about the current market dynamics [5]. Group 4: Comparative Analysis - Burry shared charts comparing the cloud segment growth of major tech companies from 2018 to 2022 with the current period, as well as AI capital expenditures matching those of the 1999-2000 tech bubble [6].

Nvidia stock (NASDAQ: NVDA) stumbled on Tuesday, as Michael Burry, the legendary investor famed for predicting the 2008 housing crisis, disclosed a massive bearish wager against Nvidia. His Scion Asse... ...