Michael Burry claims Nvidia Corp (NASDAQ:NVDA) blocked Advanced Micro Devices, Inc. (NASDAQ:AMD) from a major AI infrastructure deal and says the Justice Department has been probing the chip giant for nearly two years.
The artificial intelligence boom has minted a new set of corporate titans. But according to one of Wall Street’s most famous contrarians, the industry’s biggest winner may also be flexing its dominance in ways that could eventually attract regulators.
Burry, best known for predicting the housing crash chronicled in The Big Short, accused Nvidia of acting in a “mafia-like” manner in the AI chip market and suggested the company’s behavior could become the subject of antitrust scrutiny.
In a post on X, Burry alleged that Nvidia used its influence to prevent AMD from winning a key AI infrastructure contract tied to Oracle Corp (NYSE:ORCL).
Nvidia did not immediately respond to Benzinga’s request for comment.
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