Burry Just Exposed Big Tech 🤯

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Wall Street couldn’t decide on a mood today. Half the market was vibing, the other half was crying in tech stocks.

The Dow strutted up +1.1%, the S&P 500 squeezed out a +0.2%, and the Nasdaq tripped over its own shoelaces, sliding -0.2%.

Big banks and healthcare stocks are out here sipping champagne while tech bros are staring at red candles again.

10 out of 11 S&P sectors finished green — Health Care took gold, while Info Tech got sent to detention. Guess ChatGPT stocks couldn’t carry the class this time.

Veterans Day meant the bond market was closed, so yields just chilled in the corner:

Basically, no drama. A rare day when bonds didn’t give traders chest pain.

Oil’s doing its best impression of a metronome, holding around $60.
Copper’s chilling at $5, gold and silver are rebounding like they just got dumped and hit the gym.

Markets look steady heading into the end of 2025, but don’t get comfy. Surprises are lurking. Things are calm… too calm.

Good news! The Senate finally passed a bill to end the longest government shutdown in U.S. history.
A few moderate Democrats said, “screw it,” broke ranks, and saved Christmas.

Deutsche Bank’s Jim Reid put it best:

“The Santa Claus rally wasn’t canceled — just delayed for roadworks.”

Once the government officially reopens, expect a tsunami of backlogged economic data to hit like your boss returning from holiday with “just a few quick questions.”

CoreWeave $CRWV ( ▲ 3.53% ) dropped -16.4%, even after beating earnings expectations. Investors looked at the “strong quarter” and said, “Cool story, sell anyway.”

SoftBank just dumped its entire 32.1M share stake in Nvidia for a casual $5.83B.
That’s like rage-quitting your fantasy team after week one… but in real life… with billions.

Markets are calm, but don’t trust it — the last time it felt this peaceful, GameStop was $4.

1. Ride the Healthcare Momentum
Health stocks just flexed as the market’s top-performing sector while tech stumbled. If capital’s rotating out of growth and into defensives, that’s a signal.
📌 Action: Add exposure to healthcare ETFs like $XLV ( ▲ 2.11% ) or $VHT ( ▲ 2.13% ) to catch the rotation into safer sectors as year-end rebalancing kicks in.

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With the U.S. government reopening, a backlog of delayed economic reports is about to flood in. That means fresh catalysts — and volatility — for markets reacting to inflation, jobs, and growth data.
📌 Action: Build watchlists around macro-sensitive names — think banks $JPM ( ▼ 0.12% ), $BAC ( ▲ 1.1% ) and consumer cyclicals $XLY ( ▲ 1.96% ) — to capitalize on moves after surprise data prints.

3. Play the Commodities Rebound
Oil, copper, gold, and silver are stabilizing after recent dips — a potential base before another leg up if global growth steadies or inflation reawakens.
📌 Action: Scale into commodity ETFs like $DBC ( ▼ 0.66% ) or $GLD ( ▼ 0.16% ) for diversified exposure, and trim into strength if prices retest prior highs.

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Michael Burry — yes, that Michael Burry, the guy who shorted the 2008 housing bubble while everyone else was YOLOing mortgages — is back with another red flag.

This time, his target isn’t real estate. It’s Big Tech’s creative accounting.

2024’s market rally was basically the “AI Summer Festival.”
Nvidia printed money. Palantir rode the AI hype. Meta, Amazon, Microsoft — all “record profits.”

But Burry thinks those profits might be as real as your friend’s “passive income from crypto mining.”

Here’s the move:

Big Tech is quietly extending the “useful life” of their servers and chips.

Instead of saying “our gear lasts 3 years,” they now claim it lasts 6.

Why? Because if your hardware “lives longer,” you can spread out depreciation costs over more years.
That means lower expenses, higher paper profits, and more stock-boosting headlines.

As Burry puts it: “Understating depreciation by extending the useful life of assets artificially boosts earnings—one of the more common frauds of the modern era.”

Same old server. New math. Big difference.

Burry says this accounting magic will cause $176 billion in understated depreciation between 2026 and 2028.

That’s $176 billion of “profit” that exists mostly in PowerPoint slides and vibes.

He even broke it down:

Imagine if your car’s MOT guy just said, “Eh, it’ll last double — congrats, you’re richer now.”

Burry also pointed out that hyperscalers — those massive cloud players — have been on a spending spree for Nvidia GPUs and AI infrastructure.

Problem is, those servers burn out faster than your GPU trying to run Cyberpunk on Ultra.

By pretending they’ll last longer, these companies are smoothing out costs — and inflating margins that look healthier than they really are.

Amazon responded with a statement basically saying: “Relax. We follow the rules (GAAP). We just studied our gear and decided it dies faster now.”

So after bumping lifespans up to 6 years in 2024, they’re actually cutting them back to 5 years starting January 2025.

Burry’s not just tweeting for clout. His Scion Asset Management recently shorted Nvidia and Palantir, two of the AI hype train’s biggest passengers.

He’s hinting that the AI trade is getting frothy, and that the “earnings strength” everyone’s cheering about might not hold up once depreciation catches up.

And he’s promising more details on November 25.
Mark your calendars. It might get spicy.

The “AI profit boom” might be more accounting magic than AI magic.

1. Watch for Earnings Mirage Cracks
If Burry’s right, inflated profits from stretched asset lives could mean future earnings disappointments once depreciation catches up.
📌 Action: Track companies like $META ( ▲ 0.87% ), $ORCL ( ▼ 5.66% ), $GOOGL ( ▲ 3.53% ), $AMZN ( ▲ 1.64% ), and $MSFT ( ▼ 1.32% ) during upcoming earnings. If growth slows while expenses rise, rotate into sectors with cleaner accounting (e.g., industrials, utilities).

2. Bet on the Pick-and-Shovel Play
While Big Tech juggles numbers, the suppliers still get paid. Nvidia chips and AI servers are the picks and shovels of this gold rush.
📌 Action: Look at second-tier infrastructure players — chip fabricators $TSM ( ▼ 0.88% ), data center REITs $EQIX ( ▲ 0.25% ), and power providers $NEE ( ▼ 0.3% ) — who profit regardless of depreciation timelines.

3. Focus on True Free Cash Flow Generators
Depreciation games can fake profits, but not cash flow. Real strength shows up in cash generation, not clever accounting.
📌 Action: Screen for firms with rising free cash flow yield and low capitalized asset growth. These are your long-term compounding machines while others play “spreadsheet gymnastics.” We cover these a lot in our Premium+ section.

AMD just threw its first big analyst day since 2022… and let’s just say Lisa Su showed up with numbers so hot they made Nvidia’s sweat.

AI spending ain’t slowing down — it’s going full “energy drink + no sleep” mode.

Dr. Lisa Su (CEO & certified chip boss) told investors that the total addressable market for AI data centers just doubled — from $500B to $1 trillion by 2030.

Her words: “High-performance computing is the foundation of everything that’s important.”

Translation: If it needs brainpower, it’s running on silicon.

Su basically said that AI compute = intelligence, and the companies with the fattest wallets and fastest chips will rule the world.

And right now, everyone’s lining up to throw cash at AI like it’s a Black Friday PS5.

Lisa Su’s been in the game since 2014, and even she says she’s never seen demand move this fast.

“Customers keep saying they need to invest more in AI infrastructure.”

In other words:

AMD’s eyeing double-digit market share in AI data centers by 2027.
Right now, Nvidia owns about 90% of the space.

But AMD’s coming in hot with its MI450 GPU and Helios rack-scale solutions, claiming an 80% compound annual growth rate in data center AI over the next few years.

They’re not just chasing Nvidia… they’re planning to steal the whole dessert tray while Jensen Huang’s still ordering appetizers.

AMD expects a baseline $35B in revenue this year, growing 35%+ annually.
They’ve also stacked $45B in custom design wins across aerospace, defense, and communications — all set to ramp up in 2026.

Oh, and gross margins? 55%–58%.
That’s chef’s kiss territory in the chip world.

Even Wall Street noticed — shares popped 3% after hours.

Only seven of the top 10 AI companies on Earth. No big deal.

Their data center CPU biz now commands 40% revenue share, and they’ve gone from dropping products every two years to every single year.

Basically: AMD’s now shipping GPUs like Apple ships iPhones.

Lisa Su just made it clear: AMD’s no longer Nvidia’s quiet little cousin.
It’s suiting up for an AI arms race, and the numbers back it up.

Translation: AMD’s not just in the AI race — they’re here to overclock it.

1. Ride the AI Infrastructure Boom
AI isn’t slowing down. AMD now sees a $1T data center market by 2030, with 80% CAGR growth in its AI segment. That means every company feeding the AI compute beast benefits.
📌 Action: Accumulate shares in chipmakers powering AI infrastructure — think $AMD ( ▼ 1.09% ), $NVDA ( ▼ 0.97% ), and $SMCI ( ▲ 2.0% ). Dollar-cost average on dips and hold for the multi-year AI arms race.

2. Bet on the Suppliers Behind the Chips
As AMD and Nvidia ramp production, suppliers in semiconductor manufacturing, cooling, and power delivery get massive tailwinds. High-performance computing = high energy demand.
📌 Action: Research and build positions in names like $TSM ( ▼ 0.88% ), $ASML ( ▼ 1.48% ), and $ONTO ( ▲ 1.52% ) — all key enablers of AMD’s growth story.

3. Invest in the AI Data Center Ecosystem
AMD’s forecast implies billions flowing into servers, networking, and cloud upgrades by 2027. AI workloads need specialized infrastructure.
📌 Action: Add exposure through data center REITs like $EQIX ( ▲ 0.25% ) or $DLR ( ▼ 0.26% ), and cloud infrastructure ETFs like $SKYY ( ▲ 0.65% ) — the silent beneficiaries of the AI gold rush.