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Understanding Michael Burry's Bet Against AI: Here's What it Really Means for Investors

Michael Burry, manager of Scion Capital, bets against AI companies like Nvidia, arguing that hyperscalers are overly optimistic about hardware depreciation rates. He claims depreciation is understated by $176 billion, leading to overstated earnings for companies like Oracle and Meta. Burry predicts an AI spending bubble burst as earnings assumptions unravel, affecting investment returns. Critics argue that AI investments focus on long-term gains, not immediate earnings, and question the need for earnings manipulation at the expense of cash flow.

Motley Fool·
US
NVDA
-0.97%
US
ORCL
-5.66%
Motley Fool·
US
NVDA
-0.97%
US
ORCL
-5.66%

Google plans to grow AI compute capacity 1,000× in 4–5 years by doubling power every six months

Google plans to increase its AI compute capacity by 1,000× by 2029, doubling power every six months to meet growing AI demand. VP Amin Vahdat emphasized the importance of efficient infrastructure over outspending rivals. Google aims to enhance systems with smarter architecture and custom silicon. CEO Sundar Pichai warned against underinvestment despite AI bubble concerns, highlighting Google Cloud's growth. CFO Anat Ashkenazi noted opportunities in cloud expansion. The launch of Gemini 3 revealed distribution challenges, underscoring the need for more compute capacity.

Cryptopolitan·
US
GOOGL
+3.53%
US
GOOG
+3.33%
US
GGLS
-3.50%
Cryptopolitan·
US
GOOGL
+3.53%
US
GOOG
+3.33%
US
GGLS
-3.50%

Journey Strategic Wealth LLC Buys 686 Shares of CrowdStrike $CRWD

Journey Strategic Wealth LLC increased its stake in CrowdStrike by 46.6% in Q2, owning 2,158 shares valued at $1,099,000. Other investors also modified their holdings. Analysts have mixed ratings on CrowdStrike, with a consensus of 'Moderate Buy' and an average price target of $537.93. CrowdStrike's stock opened at $490.67, with a market cap of $123.14 billion. The company reported Q2 earnings of $0.93 per share, exceeding estimates, with revenue up 21.4% year-over-year.

Market Beat·
US
CRWD
-2.12%
Market Beat·
US
CRWD
-2.12%

Meta enters electricity trading to secure long-term power for its AI data centers

Meta is entering the electricity market to expedite the construction of new power plants for its AI data centers. The company aims to push developers and utilities to act faster by committing to long-term power purchases, enabling new plant financing. This move addresses the rising electricity demand from AI models and allows Meta to manage power needs and risks effectively. Meta plans to collaborate with external partners to navigate the volatile electricity markets, focusing on major U.S. grids for faster power-plant development.

Cryptopolitan·
US
META
+0.87%
Cryptopolitan·
US
META
+0.87%

AI Christmas: The latest devices from Amazon, Meta, Google and more

This holiday season, advanced AI devices from Amazon, Meta, Google, and others are available, including smart glasses, smart speakers with generative AI, and AI pendants. Despite mixed reviews, these products are part of a growing AI hardware market. Amazon's new Echo devices feature Alexa+, a more conversational and personalized assistant. Google and other companies also offer new AI-integrated gadgets. The focus remains on developing large language models and AI applications accessible on smartphones.

CNBC·
US
AMZN
+1.63%
US
GOOG
+3.33%
US
GOOGL
+3.53%
CNBC·
US
AMZN
+1.63%
US
GOOG
+3.33%
US
GOOGL
+3.53%