Burry Maps the Pipeline: How Retiree Annuity Money Ends Up Funding Nvidia’s xAI Deal

Days after arguing Nvidia (Nasdaq: NVDA) mirrors Cisco‘s dot-com-era trajectory, Michael Burry follows up with a diagram naming the specific financial structure he argues obscures circular revenue at Nvidia and routes the underlying credit risk to American retirees through Apollo Global Management‘s (NYSE: APO) insurance affiliate Athene. The diagram, titled “The Retiree/Apollo/Nvidia/Bermuda/AMAPS/xAI Pipeline,” shows Nvidia […] The post Burry Maps the Pipeline: How Retiree Annuity Money Ends Up Funding Nvidia’s xAI Deal appeared first on the deep dive.