Peter Thiel Sells Nvidia Shares Over Concerns About AI Hype
Billionaire Peter Thiel sold his entire stake in Nvidia, totaling nearly $100 million, amid fears of an AI-driven tech bubble and rising concerns over inflated valuations in the sector.
Michael Burry Accuses Tech Giants of Inflating AI Profits Through Accounting Tricks
nvestor Michael Burry alleges that major AI infrastructure firms are overstating profits by extending chip depreciation timelines, potentially inflating industry earnings by $176 billion.
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