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International Business Times UK

Niloy Chakrabarti

'Nvidia is Wildly Undervalued': Michael Burry Goes Long Despite Shuttering His Hedge Fund Over AI Bubble Fears

Michael Burry Nvidia Elon Musk Oracle Substack United States

Michael Burry holds multiple short positions in big names like Oracle and Palantir Technologies. (PHOTO: TheStreet/Facebook)

Big Short's Michael Burry said Nvidia is 'wildly undervalued', but still opened a long position in the company, which he has long believed is leading the formation of an AI bubble.

'Low price-to-earnings ratio for a big grower that currently commands monopoly rents,' Burry noted on Nvidia in a Wednesday Substack post, hours before the AI leader posted blockbuster fiscal Q2 results.

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