Michael Burry gained prominence by correctly predicting the 2008 Subprime Mortgage Crisis, making $100 million for himself and $700 million for investors. However, his recent performance has been lackluster, with premature bearish predictions leading to the closure of his hedge fund. Burry now believes AI stocks are overvalued, comparing them to the dot-com bust.

Rental prices for NVIDIA’s H100 GPU have soared by 17%, indicating high demand and scarcity. This spike is attributed to increased agentic AI usage, benefiting AI infrastructure stocks like Nebius Group, CoreWeave, and IREN. Companies like Bloom Energy are also set to benefit from the growing demand for GPUs to support AI technology.

Ahead of NVIDIA earnings, call buyers made bold bets on Bloom Energy and NVIDIA, with one trader wagering $9 million on March $205 calls. Bloom Energy shares surged 8%, showing potential for breakout. While Michael Burry’s bearish AI narrative faces opposition, the AI landscape remains bullish, with soaring GPU rental prices and efficiency gains from agentic AI.

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Read more at Nasdaq: Why Burry’s Dot Com 2.0 Thesis Doesn’t Hold Water in 2026