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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%

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%

11,350 Shares in Broadcom Inc. $AVGO Purchased by Marvin & Palmer Associates Inc.

Marvin & Palmer Associates Inc. acquired 11,350 shares of Broadcom Inc., valued at $3,129,000, during the 2nd quarter. Broadcom is the 18th largest holding in their portfolio. Analysts have given Broadcom a consensus "Buy" rating with an average price target of $374.21. Insider trading activities include significant sales by insiders Mark David Brazeal and Justine Page. Broadcom's stock opened at $340.20, with a market cap of $1.61 trillion.

Market Beat·
US
AVGO
-1.91%
Market Beat·
US
AVGO
-1.91%

JPMorgan Chase & Co. Raises Stock Holdings in Invesco QQQ $QQQ

JPMorgan Chase & Co. increased its stake in Invesco QQQ by 42.4% in Q2, owning 4,895,265 shares worth $2.7 billion. Other institutional investors also adjusted their holdings. Invesco QQQ's stock price opened at $590.07, with a 1-year range of $402.39 to $637.01. The ETF announced a quarterly dividend of $0.694 per share, up from $0.59.

Market Beat·
US
JPM
-0.12%
US
QQQ
+0.75%
US
IVZ
+2.29%
Market Beat·
US
JPM
-0.12%
US
QQQ
+0.75%
US
IVZ
+2.29%