Legendary short-seller who bet against Enron sends new warning

The AI data center business is fundamentally uneconomic. Even if GPUs last a decade, the returns they generate won't even meet their own acquisition costs. If these chips were truly the "durable, revenue-generating assets" Nvidia claims, why is a $5 trillion giant selling them to middlemen instead of renting the compute power directly? The pivot from crypto mining to AI isn't a masterstroke; it's a gamble on assets that can't pay for themselves. Is the AI boom a total sham?
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