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Michael Burry Doubles Down On AI Bubble Claims As Short Trade Backfires: Says Oracle, Meta Are Overstating Earnings By 'Understating Depreciation' - Meta Platforms (NASDAQ:META)

Famed investor Michael Burry is doubling down on his AI bubble claims, as his short position backfires following the rally in key stocks early this week. Oracle, Meta Are ‘Overstating’ EarningsAs stocks rallied on Monday, Burry doubled down on his bearish bets against Palantir Technologies Inc. (NASDAQ:PLTR) and Nvidia Corp. (NASDAQ:NVDA), alongside the broader AI sector, even as his nearly $1 billion wager began turning against him.In a post on X, Burry accused tech giants such as Meta Platforms Inc. (NASD ...