The fight between Nvidia and investor Michael Burry intensifies as Burry compares AI investment boom to dotcom bubble, with Nvidia at the center. Nvidia counters claims around stock-based compensation and depreciation life in private memo to analysts. Burry warns of overbuilt AI infrastructure reminiscent of 1990s telecom buildout. Cisco comparison drawn.

Burry asserts Nvidia resembles Cisco during dotcom era, with overestimated AI demand leading to supply glut. Hyperscalers promise $3 trillion in AI infrastructure spending. Burry warns of industry’s reliance on optimistic assumptions about data center power and GPU longevity. Nvidia seen as central player in AI market frenzy.

Read more at CNBC: Nvidia pushes back on charges that AI investment is a bubble