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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Michael Burry Calls Elon Musk-Nvidia AI Deal 'Fugazi' — Warns Retirees of Hidden Risks

Michael Burry Nvidia Elon Musk United States XAI Valor Athene Apollo Substack
Michael Burry published a detailed breakdown calling the entire structure "Fugazi", his word for fake.

The Big Short's Michael Burry is known for winning big from betting against the US real estate market during the 2008 global financial crisis. He recently shuttered his hedge fund on AI bubble fears, disclosing massive bets against AI leaders like Nvidia and Palantir Technologies.

While he has been ramping up stake in beaten-down stocks recently like Mercado Libre and Adobe, Burry continues to criticise companies like Nvidia as well as Elon Musk's ventures for using accounting tricks to bolster their balance sheets.

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