Breaking: Michael Burry drops a new warning on the AI financing web

Here's what he's flagging:

1. Ares Management mapped $573B across 26 financings tying together Meta, Oracle, Microsoft, Amazon, Google, Nvidia, OpenAI and Anthropic

2. Every guarantee and backstop in the web assumes AI spending keeps growing. No slowdown allowed

3. If revenue disappoints, pressure spreads through connected deals and triggers guarantees right when guarantors are weakest

4. US and Bermuda insurers are sitting on ~$10T in float backing this buildout

5. Nvidia's H100 chips lost 51% of their value in 3 years, per Ares data

Burry says Wall Street is finally catching up to his view