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Nvidia Surges on Blowout Q2 as Michael Burry Warns of AI Capex Peak

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The Story

News Summary

  • Nvidia shares surged nearly 8% following market-beating Q2 earnings and strong forward guidance.
  • However, famed investor Michael Burry maintains a short position, warning that front-loaded AI capex spending could decelerate, threatening long-term margins as technical indicators near overbought levels.
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NVDA price history

218.29 +19.87% over the displayed period

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