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Neuberger Berman Next Generation Connectivity Fund
NBXG.US
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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%

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%

The internet is loving 'Big Short' investor Michael Burry's crusade against Nvidia and the AI giants

Michael Burry of "The Big Short" is lighting up social media after betting against Nvidia and Palantir and casting doubt on the AI boom.

MSN·
US
PLTR
-0.57%
US
NVDA
-0.97%
US
NVDL
-2.28%
MSN·
US
PLTR
-0.57%
US
NVDA
-0.97%
US
NVDL
-2.28%

735,898 Shares in Meta Platforms, Inc. $META Purchased by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. acquired 735,898 shares of Meta Platforms, Inc., valued at approximately $543 million, making it the firm's 11th largest holding. Analysts have set new price targets for Meta, with a consensus rating of "Moderate Buy" and a target price of $825.05. Insider trading activities were also reported, with significant sales by company insiders. Meta's stock opened at $594.25 on NASDAQ.

Market Beat·
US
META
+0.87%
Market Beat·
US
META
+0.87%