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Investor and founder of Scion Asset Management, famed for predicting the 2008 housing crash and known for contrarian bets against AI stocks.
The MOUs with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR let borrowers pledge GPUs. What keeps those GPUs pledgeable is CUDA support, and no term has been stated.
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Michael Burry swapped his Micron and Nebius shorts for put options expiring in June and September 2027, with Micron strikes near $500. His AI-bubble call now has a deadline and price levels that chip-stock holders can measure their own positions against.
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MOUs with six large asset managers aim to mobilize more than $500 billion for AI factories. Nothing is funded yet, but the underwriting model already changes who sets compute prices.
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Dario Amodei asked AI labs to slow down and the selling landed on memory makers and chip-equipment names, with software rallying against them. Oil near $108 and an 86 percent chance of a Fed hike sat in the same session.
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Anthropic pledged employee-level access for outside evaluators and OpenAI matched within hours. The two steps that ask labs to build less depend on rivals and governments agreeing a pace, and on taking each other's word for it.
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Michael Burry's latest Substack post puts Oracle's off-balance-sheet data centre lease commitments at $261bn, which is 2.9 times the revenue the company has guided for the full year. He is short the stock.
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Sam Altman told Fortune that a listing now would be ill-advised while safety and alignment work is unfinished. More than $180 billion has gone into OpenAI, on Fortune's count, with no scheduled exit.
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Anthropic and OpenAI have promised outside evaluators permanent, employee-level access to their systems. Neither has published the terms, and the first volunteer is mid-acquisition by a would-be anchor investor in Anthropic's IPO.
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AI stocks fell worldwide on Sept 14 after Dario Amodei asked the industry to slow model progress and Sam Altman ruled out a 2026 IPO. The deepest single-day drops landed on chip equipment and power suppliers.
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The $60.50 offer is gone, PayPal closed at $53.66, and roughly half the premium the bid created is still in the price, leaving a $1.5 billion cost programme to justify what the market has not yet given back.
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The book grew from about $7bn in a year, and roughly half of it is priced by funding rounds rather than by markets, which means a demand forecast built on customer orders is partly a forecast of Nvidia's own marks.
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