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Benzinga
Benzinga
Business
Rishabh Mishra

Michael Burry Warns Nvidia's 'Overreaching' Is Pushing Circular Spending to 'Biblical Proportions' Amid Surge in Credit Default Swaps

Michael Burry Nvidia NVDA Nvidia Corp Steve Hanke
Nvidia CEO Jensen Huang delivering a keynote speech at Computex Taipei in 2023

‘Big Short’ investor Michael Burry is sounding the alarm on Nvidia Corp. (NASDAQ:NVDA), claiming the AI giant’s strategic financial “overreaching” has escalated its “circular spending” to “biblical proportions,” which he argues is driving a massive spike in the company’s credit default swap risks.

Default Swaps ‘Going Parabolic’

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