Michael Burry Calls Elon Musk-Nvidia AI Deal 'Fugazi': Warns Retirees of Hidden Risks

https://www.ibtimes.co.uk/michael-burry-ai-bubble-warning-1800028 Burry warned in a recent post on Substack that leading companies like Nvidia and Elon Musk's xAI are leveraging GPU-backed securities deal structures to secure funding to power their growing AI data centres while putting the retirement funds of Americans at risk. Burry detailed in his post the exact pipeline that moves retiree savings into the running Musk's AI data centres without them knowing about it, describing such deals as '