Michael Burry Warns Nvidia Stock Faces Aggressive Fall
Investor Michael Burry has warned that Nvidia stock may experience an aggressive decline, citing historical conditions for such a fall. He highlighted low trading volumes and significant customer concentration as key factors contributing to his outlook. Burry also described the current demand for AI-related products as temporary and unsustainable.
- ▪Michael Burry warned that Nvidia stock is vulnerable to an aggressive fall.
- ▪He noted that trading volumes on a 50-day moving average are at their lowest since 1999.
- ▪Burry pointed out that Nvidia's top three customers accounted for 64% of its accounts receivable.
Opening excerpt (first ~120 words) tap to expand
Funding & Businessnvidiamichael burryai demandchip marketMichael Burry Warns Nvidia Stock Faces Aggressive Fall4 sources|May 26, 20266.6Relevance ScorePhoto: i.insider.com · rights & takedownsQuick SummaryHideIn Substack posts, investor Michael Burry warned that Nvidia stock is vulnerable to an "aggressive fall," saying "The conditions for an aggressive fall are as strong as they have been in the history of the stock," Business Insider reports. Burry attributed his view to options and volume data, writing that trading volumes on a 50-day moving average are at their "lowest since 1999," Business Insider and Yahoo Finance report. He also flagged customer concentration, citing that Nvidia's top three customers accounted for 64% of accounts receivable (up from 56%), Business Insider reports.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Let's Data Science.
Discussion
0 commentsMore from Let's Data Science
