BREAKING with Michael Burry 🚨
Everyone is talking about Jensen Huang’s personal drama. Michael Burry says that’s the wrong thing to focus on.
His view: “The real story is that the AI Bubble started to come apart for real this year”
The WSJ also reported what Jensen said in private:
Nvidia discussed backing billions in guarantees for companies that couldn’t afford its chips
His son-in-law helped lead some of those deals, financing small cloud startups so they’d become Nvidia customers
Jensen warned that big cloud providers were pulling away from Nvidia and moving to rival chips
He said the chip and memory orders Nvidia had committed to were hitting him like an “avalanche”
In the same meeting, he called his CFO “a deer in the headlights” and said she couldn’t help him make decisions
That CFO, Colette Kress, now runs Nvidia as interim CEO. And $NVDA is down 15% this year.
BREAKING with Michael Burry 🚨
Everyone is talking about Jensen Huang’s personal drama. Michael Burry says that’s the wrong thing to focus on.
His view: “The real story is that the AI Bubble started to come apart for real this year”
The WSJ also reported what Jensen said in private:
Nvidia discussed backing billions in guarantees for companies that couldn’t afford its chips
His son-in-law helped lead some of those deals, financing small cloud startups so they’d become Nvidia customers
Jensen warned that big cloud providers were pulling away from Nvidia and moving to rival chips
He said the chip and memory orders Nvidia had committed to were hitting him like an “avalanche”
In the same meeting, he called his CFO “a deer in the headlights” and said she couldn’t help him make decisions
That CFO, Colette Kress, now runs Nvidia as interim CEO. And $NVDA is down 15% this year.
Down 3% on the day and someone wants a fast bounce.
$MSTR $1.0M on the 117 calls expiring Friday Nov 20, about 46x the open interest. Bought near the ask.
$MSFT IS TRADING INSIDE A RISING CHANNEL
• Sits 6% below its 52 week high
• Down 3% over the last month, 1% over the last week
• Still above the 50 and 200 day averages
• Watching whether the lower channel line holds on pullbacks
Alnylam is up 5.8% and somebody wants more by January.
$ALNY $1.4M on the 170 calls expiring Friday Jan 15, about 5x the open interest. Bought near the ask.