Professional investor Michael Burry has taken aim at Nvidia in a string of X posts after the company released an earnings report that saw record revenues of $57 billion.
Burry—who successfully bet against the U.S. housing market in 2008 and had a movie made about him in 2015 called the Big Short, which starred actors Ryan Gosling and Brad Pitt—has raised multiple concerns in Nvidia’s balance sheet, especially the way they’ve approached accounting and financial fundamentals like revenue recognition, depreciation, and share based compensation.
The idea of a useful life for depreciation being longer because chips from more than 3-4 years ago are fully booked confuses physical utilization with value creation. Just because something is used does not mean it is profitable. GAAP refers to economic benefits.
Airlines keep…— Cassandra Unchained (@michaeljburry) November 19, 2025
The series of complaints were part of a larger series of posts focused on the AI sector. Burry has said that the actual “true-end demand” is actually quite small.
He previously placed bets against Nvidia and Palantir in the form of put options worth roughly $1 billion. Burry has also closed down Scion Capital Management, an investment firm founded in 2013 that managed around $150 million in assets at one point.