00:00It's Benzinga bringing Wall Street to Main Street.
00:02Investor Michael Burry questioned the financial plumbing behind the AI boom in a post on X over
00:07the weekend. He argued that complex financing arrangements may be masking how billions of
00:12dollars worth of NVIDIA GPUs are funded across balance sheets. Burry called the situation
00:17Fugazi in response to CNBC's Jim Cramer, who called NVIDIA a winner despite the stock feeling heavy.
00:24He shared a graphic outlining a chain connecting retirees, insurers, private credit firms,
00:30and special purpose vehicles that ultimately fund AI infrastructure purchases. Burry contends that
00:36NVIDIA sells GPUs into financing structures where ownership may sit with separate entities
00:41rather than end users. In March, Burry also alleged that NVIDIA blocked AMD from a major AI infrastructure
00:48deal and accused the company of operating in a mafia-like way. NVIDIA did not immediately
00:54respond to a request for comment. The stock was up by 2.4% at $216.21 in Monday's pre
01:01-market
01:01trading, according to data from Benzinga Pro. For all things money, visit Benzinga.com.
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