Mr. Burry has said AI stocks such as Nvidia are overvalued as companies spend massively to build data centres while the financial returns remain unclear.

Michael Burry, the contrarian investor immortalized in The Big Short for his bet against the U.S. housing market, is in a war of words with the most valuable company in the world over whether there is another financial bubble in artificial intelligence .

Mr. Burry has taken aim at Nvidia Corp. NVDA-Q , the dominant maker of graphics processing units (GPUs) that are used to build and run AI models, and highlighted what he believes are questionable accounting practices in the industry. Nvidia reportedly passed around a memo to Wall Street analysts this week rebutting some of his claims.

Writing on his Substack Tuesday, Mr. Burry

See Full Page