Tech firms will hide $176 bn in costs by extending Nvidia assets' useful life: Investor Burry
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.