This article first appeared on GuruFocus. Michael Burry (Trades, Portfolio) is warning that Big Tech's unprecedented AI infrastructure spending could eventually leave hyperscalers with significant write-offs, arguing that today's buildout is beginning to resemble earlier capital booms that ended with excess capacity and falling returns. Warning! GuruFocus has detected 5 Warning Signs with AMZN. Is AMZN fairly valued? Test your thesis with our free DCF calculator.AMZN GF Value chart Burry said net capital investment by S&P 500 companies reached 2.07% of U.S. GDP as of June 30, the highest level in nearly four decades outside the aftermath of the March 2000 Nasdaq peak.
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