Nvidia investors are on edge as Michael Burry, known for “The Big Short,” makes cryptic moves and critical comments about the AI boom, Nvidia, and Palantir. Scion Asset Management, his hedge fund, has been deregistered, leading to speculation about his next steps. Burry hints at a reveal on Nov. 25.

Burry’s recent social media activity has reignited concerns about an AI bubble, comparing the current tech spending cycle to the dot-com era. He holds bearish put options on Nvidia and Palantir, signaling a potential decline. Burry also criticizes hyperscalers for understating depreciation costs, estimating a $176 billion impact.

With Scion Asset Management deregistered, Burry teases “much better things” on Nov. 25, sparking curiosity about his next move. Nvidia investors closely watch his actions, given the company’s significance in the AI industry. Burry’s criticism of the AI trade could pose challenges for Nvidia if he continues.

Nvidia faces high expectations for its earnings report, with analysts projecting strong revenue and earnings growth. Data center revenue is expected to drive performance, supported by demand for Blackwell chips and improved margins. Nvidia’s Q4 guidance will be key, especially amid concerns about the AI trade and China restrictions.

Wall Street analysts maintain a positive outlook on Nvidia, with a consensus “Strong Buy” rating. Morgan Stanley raises its price target, anticipating a breakout quarter for Nvidia. The stock has significant upside potential, with most analysts bullish on its prospects. Investors await Nvidia’s earnings report for clarity on its performance.

Read more at Yahoo Finance: Dear Nvidia Stock Fans, Mark Your Calendars for November 25