Michael Burry warns about the AI infrastructure trade
- 2 hours ago
- 1 min read
THE STREET — In a May 2026 Substack post titled "The Heretic's Guide to AI's Stars Part III: Tracepalooza and the Bezzle," Burry laid out his most specific argument yet against the AI infrastructure trade.
The post has been read by more than 200,000 subscribers, and the reaction from Wall Street was significant enough that Nvidia (NVDA) took the unusual step of sending a memo to sell-side analysts pushing back on his arguments on stock-based compensation and depreciation, according to CNBC.
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