π’ Burry published a detailed breakdown calling the entire structure "Fugazi", his word for fake. ⚠️ He is alleging that billions of dollars in Nvidia chips are being hidden off balance sheets, and that American retirees are unknowingly funding the whole thing. π» Nvidia, the world's largest AI chip company, sold $5.4 billion worth of its most advanced GPUs, the GB200, to a company called Valor. π’ Valor is not a real operating business. It is a special purpose vehicle (SPV), a shell company created specifically to hold these chips and nothing else. Nvidia also invested $1.9 billion of its own money directly into Valor on top of the sale. π₯️ Those 100,000+ chips are now physically inside xAI's data center. xAI is Elon Musk's artificial intelligence company, the one that builds Grok π€. xAI is using every single one of those chips right now to run its AI models. π But here is what Burry is flagging. π Neither Nvidia nor xAI owns those chips on paper. Valor, the ...
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