Michael Burry Warns of Nvidia Supply-Chain Leverage Risks

A possible departure by 黄仁勋 could strengthen Nvidia customers’ hand in chip negotiations, Michael Burry warned as he urged investors to exit the stock. He said the scenario could also slow the company’s growth and pressure its margins.

Burry said buyers might stretch out purchasing schedules, reopen deal terms or move orders to competing chipmakers. He argued that those responses would reduce the pace of Nvidia’s revenue growth and leave less room in its margins.

Burry also claimed Nvidia had used financing arrangements to help customers fund chip purchases. He said the arrangements left hidden obligations across the supply chain and raised leverage risks.

He further claimed that 黄仁勋 had threatened to reduce customers’ future chip allocations to encourage earlier orders, including for chips they did not yet need. Burry described the moment as a rare opportunity for Nvidia’s bullish investors to exit.

The comments follow Burry’s earlier remarks describing Nvidia as a possible near-term trade after a selloff, while expressing caution about longer-term investing, in an earlier assessment of Nvidia.