Nvidia Just Tanked & Burry Dropped A Bombshell Comparison With The ’08 Bubble
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Nvidia’s share price has finally tanked, down 2.5% just today, 14% from its November 3 high. That means over the past month, it’s lost an entire JP Morgan’s worth of value. I know that might sound like a lot, but bear in mind that Mr. JP Morgan is worth at least 2.5% of Nvidia, so I’ll let you do the math on that.
On top of this heartwrenching news, Google’s stepping up as a major competitor, and Meta’s already said they’re planning to switch from Nvidia to Google… You know what they say, ‘the more $5 trillion they’re worth, the harder they fall.’
And no one’s happier to see that idiom come true than Mr. Michael Burry of Big Shortening fame.
You see, Burry’s done what he does best and shorted Nvidia for billions. But the scary part comes from a recent Substack post where he called this ‘step one’ on the roadmap to repeating the 2008 financial crisis.
Wait, you’re saying I actually will be able to afford a house soon‽ Huzzah!
Clapping back against Burry’s analysis, Nvidia’s analysts were quick to say Burry had butchered the math on this one, writing, “Mr. Burry appears to have incorrectly included RSU taxes.”
Burry then clapped back to the clap back in a clapback post called, “Unicorns and Cockroaches: Blessed Fraud,” whatever that means. He said that Nvidia’s memo “almost reads like a hoax,” and that it was “disingenuous on the face, and disappointing.”
Not-Christian-Bale also acknowledged the surprisingly wide reaction to his previous post, saying, “I have been drawn into something much bigger than me.”
Too right, Burry, I should hope the end of the gooddam world is out of your control.
Soon the world will burn, and Michael Burry will be there, fiddling away.
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