Burry warns of write-offs by hyperscalers as AI spending surges

[Digital Brain - Artificial Intelligence - Virtual CPU Concept] BlackJack3D Michael Burry is warning that the massive AI infrastructure spending by Big Tech could eventually result in significant write-offs, drawing parallels with previous capital cycles. In a new Substack post, Burry said net capital investment by S&P 500 companies reached 2.07% of GDP as of June 30, the highest level in nearly four decades outside the aftermath of the March 2000 Nasdaq peak. “I have little doubt the next few quarters will set still higher and higher net investment/GDP marks, possibly even eclipsing that aftermath of the 2000 tech stock peak,” Burry wrote. Burry said Microsoft (MSFT [https://seekingalpha.com/symbol/MSFT]), Amazon (AMZN [https://seekingalpha.