Burry warns $3 trillion AI infrastructure commitments could trigger write-downs by 2028 or 2029
AI Summary- Michael Burry warned that major technology companies’ AI infrastructure spending could lead to substantial write-downs.
- S&P 500 net capital investment reached 2.07% of GDP as of June 30.
- xAI plans to more than double its Nvidia chip inventory at Colossus 2 before year-end.