Burry bets Nvidia short as AI funding spiral draws Enron parallels

Michael Burry has intensified his Nvidia short, arguing that the AI boom is supported by complex financing schemes that mask liabilities and could collapse as debt-fueled demand fades. He labeled Nvidia’s $500 billion funding move a “Wall Street stunt” with “shades of Enron,” warning that off-balance-sheet liabilities and circular credits—backstopping customers, lending to buyers, and private equity schemes—could unravel, echoing Bloomberg analyses that the company’s vast valuation hinges on such contracts.