Nvidia refutes ‘big short’ investor Michael Burry’s claims as Cisco parallel fuels AI bubble uncertainty
US-based chipmaking giant, Nvidia Corp., in a seven-page memo response, refuted ‘big short’ investor Michael Burry’s claims, who has been arguing that the artificial intelligence (AI) investment boom is replaying the dotcom bubble from the 1990s, reported the news portal CNBC.
Investor Michael Burry, the founder of now-dissolved Scion Asset Management and one of the early people to bet against the US housing market in 2008, used a financial instrument like credit default swaps (CDS).
