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👇️ Feature: The Big Short 2.0: Burry $1.1B Puts On Nvidia, Palantir & AI Bubble

Also: Strong Black Friday Spending, China Robotics Bubble Alert, OpenAI Data Breach, MIT’s AI Job Losses Study

Company Watch: Project Prometheus, Tesla AI Chips, Apple, Clover
Buzzy Tools: Latest Buzzy tech, AI and financial tools
Deep Tech: The latest in deep tech, biotech, futurism and more
Space Tech: Latest news in the space race and aerospace tech
Crypto: Blockchain and crypto policy and startups or protocols to watch

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TECH IN THE NEWS

Black Friday Buzz — Holiday retail remains strong so far. Retailers report robust sales, with mall traffic exceeding pre-pandemic levels. NRF predicts ~$1.02T spend.

Big Short 2.0 — Michael Burry criticizes Nvidia and Palantir over alleged disingenuous AI depreciation practices, betting ~$1.1B costing him $10M a bet p/m.

Tech Surge — Oracle leads a pre-Thanksgiving tech rally with a 4% surge. Nvidia also gained as it refuted fraud allegations, claimed to be a full generation ahead.

China Bubble Alert — China's economic planning agency warns of a bubble in the robotics industry. Record 24% of all Chinese companies post losses Jan-Sep. Major Chinese AI giants are training AI models offshore to bypass U.S. restrictions.

OpenAI Data Breach Alert — OpenAI reports a data breach via Mixpanel, exposing limited customer info, but no passwords or payment details.

AI Workforce Shift — An MIT study indicates AI could replace 11.7% of the U.S. workforce, impacting $1.2T in wages. Affected areas include HR, logistics, & admin.

The Big Short 2.0: Burry Takes Aim at Nvidia and Palantir

TechBuzz Editorial

Michael Burry is back with a sharp warning about a swelling AI bubble, calling out Nvidia and Palantir and placing a combined ~$1.1B of bets against them. Burry’s latest Substack post doubled down on his criticism after Nvidia issued a memo attempting to refute his claims, which he says twisted his views. Burry revealed fresh bets against both Nvidia and Palantir which are costing hi around $10M each per month. His timing lands at a shaky moment for the chip giant. Nvidia shares dropped 14% from their recent high this week while investors dig into worries about depreciation tricks, chip obsolescence, a Google TPU breakthrough and an AI race that is burning cash at historic speed with little in the way of clear revenue potential.

Burry Takes Aim at Nvidia

Burry mocked Nvidia’s latest analyst memo as a pile of straw men. He says he never accused the company of dragging out its own depreciation and called the memo “almost a hoax.” His real concern is the way the broader AI sector is spreading asset costs over five or six years even though newer chips could weaken the value of older ones much sooner. He pointed to Microsoft CEO Satya Nadella, who recently slowed the company’s data center buildout because the next generation of AI chips will need completely different power and cooling systems. Burry wrote that the market is ignoring the speed of planned obsolescence and that his comments have drawn him into “something much bigger than me.”

Other investors also soured on Nvidia after analysts flagged increases in inventories and deferred revenues, raising concerns its growth may have been frontloaded and could slow in future quarters.

Google, Gemini 3.0 and the TPU Shockwave

The pressure on Nvidia has grown because of Google’s TPUs. Reports that Meta may spend billions to fill its data centers with TPUs from 2027 shook the market earlier this week. Nvidia lost over $100B in value in a single day. Google has also begun pitching TPU at Premises, which would let banks and other big firms install TPU systems inside their own data centers. The launch of Gemini 3, trained entirely on TPUs, has added more momentum.

New AI Chip Players

Another big player, Tesla, is planning to scale up its stake in the AI chip market. Elon Musk announced it plans to release new AI chips every year and ramp up production. Deep Research says the market is shifting from a narrow contest into a multi polar conflict that rewards companies with deep cash reserves and tight supply chains like Tesla and Google.

Meanwhile, China is trying to reduce reliance on foreign chips and scaling production locally as if its life depends on it. Chinese tech firms like Alibaba and Bytedance are reportedly training AI models overseas to access Nvidia chips restricted by US rules. Others, like DeepSeek, however, are working with Huawei to build domestic chip supply as part of a massive government supported effort to wean off Nvidia chips.

China’s Bubble Warning Bells: Too Many Robots, Too Little Demand

However, the overall mood in China reflects global anxiety that the AI boom may be moving faster than actual needs. The national planning agency has warned that the humanoid robotics sector is overheating. More than 150 companies have jumped in with similar products and limited real use cases. An estimated 24% of Chinese listed companies have posted net losses this year because of weak demand and overproduction.

Nvidia’s Defense: Still a Generation Ahead

Jensen Huang still insists Nvidia remains a full generation ahead of its rivals and claiming it was “unlike Enron”. The company says its GPUs run every major AI model and remain more flexible and powerful than ASIC chips like Google’s TPUs. Analysts still credit Nvidia with 90%+ of the AI chip market. The company also reminded investors that Google still buys its GPUs and that demand remains strong. Huang has repeated that scaling laws continue to hold, which supports long term chip demand. Even so, the recent stock slide shows that sentiment is no longer bulletproof.

Palantir Joins the Drama

Palantir has also been dragged into the fray. It has surged 26x since early 2023, then started falling recently after new earnings. When asked about Burry’s puts, Alex Karp called them “batshit crazy.” Burry replied that Karp did not understand a simple filing. He later wrote that those older positions were closed and replaced with new puts worth around $10M each. Burry has not yet detailed his updated Palantir thesis, but he hinted that more is coming.

When Job Markets Cool and Chip Spending Explodes

Seasonal holiday hiring in the US has fallen to its lowest level in more than ten years. Retailers are barely hiring. Layoffs are rising. Moreover, delayed economic data showed US unemployment rose to an almost four-year high of 4.4% in September. These weak signals sit beside tech giants that continue to spend hundreds of billions of dollars on AI infrastructure. The contrast is starting to bother Wall Street. A slowdown in the real economy raises the risk that the AI boom could outgrow its foundation.

Why Burry Sounded the Alarm Now

Burry made his name by spotting cracks long before others saw them. Some say he has called 10 out of every 9 recessions, but he has a knack for nailing the big ones. Now he is pointing at depreciation risk, ballooning capital spending, fast chip cycles, and a market that seems far too comfortable. His decision to short two of the biggest beneficiaries of the AI boom signals his conviction in this bubble is strong enough to back it with over a billion of his own capital. The AI boom still looks powerful, but Burry is asking a simple question. What happens when the shiny hardware loses value faster than the models that depend on it?

“Nvidia emailed a memo to Wall Street sell side analysts to push back on my arguments on SBC and Depreciation. I stand by my analysis. As well, I am not claiming Nvidia is Enron. It is clearly Cisco.”

— Michael Burry, Ivestor at Cassandra Unchained

COMPANIES TO WATCH

[Open Deal] Wyoming Decentralized Exchange — WYDE Cause Coins: Join the Waitlist before this $10T Impact Investing Infrastructure play launches late 2025 ».

[Open Deal] xAI — Elon Musk's AI startup has an open $15B funding round at a $230B pre-money valuation. It could close as soon as December.

Alphabet — Google nears deal on providing its TPU chips to Meta, challenging Nvidia's dominance. Partnered with Accel to launch an AI startup accelerator in India, providing pre-seed startups with DeepMind models + more.

Project Prometheus — Jeff Bezos' new venture acquired General Agents for $6.2B, enhancing its AI manufacturing base with 'Ace' technology to automate complex tasks at high speed.

Tesla — Elon Musk announced plans to outpace AI chip competitors by delivering new designs annually and boosting production volumes. It already has millions of AI chips in vehicles and data centers.

Amazon — Restricting select Black Friday deals to Prime subscribers, including massive discounts. This move aims to boost customer loyalty and drive Prime memberships amid increasing competition.

Apple — Set to surpass Samsung in smartphone shipments for the first time in 14 years, with 243M units projected in 2025. Driven by the iPhone 17 series, strong sales in the U.S. and China.

Clover Security — The AI-driven product security startup integrates AI agents into tools like Confluence and GitHub. It raised $36M to enhance security in dev processes, attracting Fortune 500 clients.

SignalPulse — Read the Top signals, Startups + Deals From The Last Week

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BUZZY TOOLS

Buzzy Tech Tools To Watch & Use

Google — Aluminium OS, AI-focused OS merges Android & ChromeOS.

OpenAI ChatGPT — Unified interface integrates voice, images, and maps.

Speechify — Pivots to Voice AI interface with Chrome-based AI assistant.

Perplexity — AI shopping tool remembers styles, avatars for clothes try-on.

Public — AI brokerage for custom indexes, portfolio management like Fidelity.

Range — All-in-one AI WealthTech for AI financial planning, raised $28M.

BUZZY TECH

The Latest Deep Technology & Trends To Watch

xAI — 88-acre solar farm aims for 30 MW power to tackle air pollution criticism.

CAR-T Cell Therapies — T cell therapy for autoimmune diseases, symptom-free.

Sustainable Concrete — Lithium waste is turned into geopolymer concrete.

RAM Price Surge — AI demand causes 500% RAM price increase, hits PC gaming.

Seagate 6.9TB Platter — HAMR tech enables 55TB-69TB hard drives by 2030.

CRYPTO WATCH

[Open Deal] Wyoming Decentralized Exchange — WYDE Cause Coins: Join the Waitlist before this $10T Impact Investing Infrastructure play launches late 2025 ».

DUNA SNAP Funding — DUNAs (Decentralized Uninc. Nonprofit Associations) - a blockchain-based solution to the $6B SNAP funding gap, enabling community-governed, transparent aid for 42M with support from Wyoming's legal framework.

BlackRock Bitcoin ETF Exodus — A historic $2.2B outflow in November as Bitcoin plunged over 40% from its peak. Institutional investors are shifting to gold.

Coinbase 2026 — Plans for 2026 focus on perpetual futures for real-world assets, specialized trading platforms, and DeFi innovations. Emphasizes AI and robotics.

Robinhood's Futures Leap — Robinhood teams up with Susquehanna to launch a futures and derivatives exchange in 2026, acquiring MIAXdx as prediction markets evolve into broader information trading venues.

Grayscale's Zcash ETF Bid — Grayscale has filed with the SEC to convert its Zcash Trust into an ETF, aiming to be the first ZEC-focused ETF. With over $196M in assets.

CleanSpark — Reported $766.3M in FY 2025, up 102%. With $364.5M net income, Pivots towards AI-driven data centers, securing $1.13B to bolster its AI infra+ BTC.

Paxos into DeFi — It acquired Fordefi for $100M+ to enhance its DeFi offerings. Despite associated risks, it meets customer demand by integrating Fordefi's tech.

KlarnaUSD Stablecoin — The Swedish BNPL startup plans to launch KlarnaUSD, a USD-backed stablecoin on the Tempo blockchain by 2026 to enhance cross-border payments., joining PayPal and Stripe.

Upbit Hack — South Korea's largest crypto exchange suffered a $36.8M hack, suspending withdrawals and deposits. Upbit detected abnormal activity on the Solana network and moved assets to a cold wallet.

SPACE_RACE

SpaceX_Moved 1,163 BTC to unmarked wallets; holds 6,095 BTC worth $552.9M.

Star Catcher_New 1.1 kW space-based solar power beaming record set.

Boeing Starliner_NASA limits flights to three due to safety concerns.

Northrop Grumman_— Cygnus craft selected for 2028-2029 ISS missions.

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