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Hardware

2008 financial crisis prophet bets against the AI bubble with potential $1 billion payout — Michael Burry reveals put options on Nvidia and Palantir


Scion Asset Management has disclosed that, as recently as September 30, it was betting big on the decline of AI-fuelled titans like Nvidia and Palantir. While we don’t often concern ourselves with stock market wrangling, this firm was founded and is still currently led by Michael J. Burry. The name may be familiar to moviegoers as the protagonist in The Big Short. In 2008, Burry famously predicted the seismic subprime mortgage crisis, cashing in on the ensuing financial crisis with a series of bold…



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by Tom’s Hardware

Micron has disclosed another major postponement for its fabs near Clay, New York, which will pull out the facilities coming online only in late 2033, reports Syracuse, citing recently released documents from Micron. The delay, if true, marks a major struggle for a major semiconductor production cluster that was once set to start production in 2025 in the state of New York. But while the company delays its fabs near Clay, it is accelerating its Idaho fabs and reallocating CHIPS Act funding to that… Source link

by Tom’s Hardware

Leading action-and webcam brand Insta360 has gifted real gold keycaps to its most valued employees. SCMP reports that this generosity has become something of a tradition in recent years at the Shenzhen, China-based imaging technology firm. On ‘Programmer’s Day’ last month, for example, 21 keycaps were gifted, worth up to $45,000 each. The firm’s practice of sharing out golden gifts reportedly started around four years ago. This likely coincided with the firm gaining traction and a good… Source link

by Tom’s Hardware

As an unprecedented DRAM crisis unfolds, artificial intelligence is sowing chaos on another front: storage. Data centers using nearline HDDs are switching to SSDs to avoid lead times, which has led to a supply squeeze for NAND flash memory — one that’s set to only worsen as the insatiable appetite for AGI continues to grow. As reported by Digitimes, Phison CEO Khein-Seng Pua confirmed that NAND prices have more than doubled in the past six months and that he expects it to stay this way for a while…. Source link