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Michael Burry, the famed 'The Big Short' investor who correctly predicted the 2008 housing crisis, has claimed big tech companies will hide an estimated $176 billion between 2026-2028. Calling it a "common fraud of modern era", he explained they'd allegedly do this by artificially extending the useful life of equipment like NVIDIA chips and servers that usually last 2-3 years.
short by Medhaa Gupta / 10:42 am on 11 Nov
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