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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%

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%

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%

Handelsbanken Fonder AB Buys 69,440 Shares of Gilead Sciences, Inc. $GILD

Handelsbanken Fonder AB increased its stake in Gilead Sciences by 6.3% in Q2, owning 1,164,320 shares worth $129,088,000. Analysts have raised price targets for Gilead, with a consensus rating of "Moderate Buy" and a target of $130.45. Gilead's Q3 earnings exceeded expectations, reporting $2.47 EPS and $7.77 billion revenue. The company has a market cap of $155.07 billion and announced FY 2025 guidance of 8.050-8.250 EPS.

Market Beat·
US
GILD
+1.32%
Market Beat·
US
GILD
+1.32%