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Stock impact report

‘Big Short' Michael Burry warns Nvidia mirrors Cisco [Yahoo! Finance]

Cisco Systems, Inc. (CSCO) 
Last cisco systems, inc. earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
And this time, he is cautioning about the artificial intelligence (AI) darling Nvidia (Nasdaq: NVDA). As per Burry, Nvidia's purchase commitments mirror those of Cisco Systems (Nasdaq: CSCO) at the top of the dot-com bubble. Related: ‘Big Short' Michael Burry buys internet's favorite meme stock Who is Michael Burry? Michael Burry is an investor who gained widespread popularity for discovering that the U.S. housing market would crash in 2008. Around 2005, he began to notice a housing market bubble and decided to short subprime mortgages. His contrarian call proved to be too profitable as the $100 million fund turned into one of the most profitable trades in Wall Street history when the housing bubble finally burst and the global financial crisis ensued in 2008. The episode got immortalized in the 2015 Hollywood film "The Big Short," in which actor Christian Bale played Burry's character, turning the investor into the legendary figure he is considered today. Michael Burry Show less Read more
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