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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%

Why Your Used Tesla Should Have LFP Batteries

Tesla Model 3s with LFP batteries retain more range over time compared to those with other chemistries. LFP batteries are known for their longevity, resilience to heat, and ability to be charged to 100% without damage. Data from Voltest shows LFP-equipped Model 3s maintain higher battery health even after extensive use, outperforming those with nickel-cobalt-aluminum packs. The switch to LFP for Tesla's base-model Standard Range RWD Model 3s began in late 2021, but these models are no longer sold in the U.S. due to tariffs on Chinese batteries.

InsideEVs·
US
TSLA
-1.05%
InsideEVs·
US
TSLA
-1.05%

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%