Michael Burry Says Nvidia Q2 Earnings Will Be 'Lights Out' as Circular Revenue Risk Keeps Puts Active
Tip Ranks·
- Investor Michael Burry predicts Nvidia will post stellar Q2 earnings with $92 billion in sales, while maintaining bearish put options due to circular revenue risks and customer concentration.
- Burry warns that chipmakers and cloud platforms fund each other, meaning near-term earnings strength is overshadowed by limited room for new buyers and high reliance on major tech giants.
- Wall Street analysts maintain a strong bullish consensus on Nvidia with an average price target of $304.67, driven by sustained generative AI demand and upcoming platform ramps like Blackwell Ultra and Rubin.