"The Big Short" investors said he believes hyperscalers like Oracle and Meta could "overstate" earnings by more than 20% in the next few years.

cross-posted from: https://lemmy.ml/post/38845103

Main Article:

Michael Burry is sounding an awful lot like the investor [Jim Chanos] who shorted Enron.

He estimated that Meta, Google, Oracle, Microsoft, and Amazon — five hyperscalers and some of the biggest names in the AI trade — would “understate depreciation” by around $176 billion between 2026 and 2028.

“But it gets worse. More detail coming November 25th,” he added.

Additional Articles:

[CNBC] - ‘Big Short’ investor Michael Burry accuses AI hyperscalers of artificially boosting earnings

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[BI, 8/26/25] - The guy who shorted Enron has a warning about the AI boom