Nvidia Just Declared War On Michael Burry: Here’s What They’ve Both Said

It’s getting awks…

Michael Burry, the famous investor who correctly called the 2008 financial crisis as depicted in The Big Short, has been on a rampage lately, betting $1.1 billion against Nvidia and Palantir, posting pictures of Christian Bale to X, declaring the AI bubble is about to burst, and just generally ringing a big bell screaming, “the end is nigh.”

And yeah, Nvidia’s not happy about it.

nvidia gpu diagram Burry — Here’s a diagram of Nvidia’s GeForce 6 Series GPU Architecture. You’ll need to memorize this if you’re to survive the coming robot wars.

The mega chip company sent a memo to Wall Street analysts in an attempt to cool things down. Here it is in full:

“Nvidia repurchased $91B shares since 2018, not $112.5B; Mr. Burry appears to have incorrectly included RSU taxes. Employee equity grants should not be conflated with the performance of the repurchase program. Nvidia’s employee compensation is consistent with that of peers. Employees benefiting from a rising share price does not indicate the original equity grants were excessive at the time of issuance.”

Did the Big Short guy just get ‘um, actually-ed’ by Nvidia? I’d frame that and put it on my wall.

Burry Your Head In The Sand

The memo was in response to Burry shuttering his hedge fund, Scion Asset Management this month and pivoting to a newsletter called, “Cassandra Unchained”. Not that he’s full of himself or anything.

More on that story here: Michael Burry Just Deregistered Scion Asset Management, Is It Time To Short The Big Short Investor?

The idea is that by no longer being beholden to his private investors, he can now be more candid with his financial advice. But do we have a new oracle or just another Jim Cramer?

In Burry’s first post, he expanded on the parallels between today’s AI boom and the 2000s dot-com crash, pointing the finger squarely at Nvidia.

“And once again there is a Cisco at the center of it all, with the picks and shovels for all and the expansive vision to go with it… Its name is Nvidia.”

Mmm, yeah, I feel like the most valuable company in the world isn’t going to be happy about that.

But as Burry pointed out in the same post, quoting Charlie Munger, “If you go around popping a lot of balloons, you are not going to be the most popular fellow in the room.”

We’ll have to wait and see who’s going to win the upcoming ‘Great AI War of 2026’. Will it be the unsinkable Titantic? Or will it be lil Kate Winslett, suggesting that maybe we don’t have enough lifeboats…

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