WS #15218
A sharp divergence in the AI narrative is emerging. Accenture's +23% surge on record bookings and solid FY27 guidance suggests enterprise AI spending remains robust. However, Michael Burry's pivot to long-dated puts on NVDA, MU, and PLTR signals that sophisticated investors are positioning for a peak in the AI capex cycle. This clash between fundamental software strength and hardware valuation fears creates uncertainty for the semiconductor sector.
AI Capex Divergence and Burry Pivot
A sharp divergence in the AI narrative is emerging. Accenture's +23% surge on record bookings and solid FY27 guidance suggests enterprise AI spending remains robust. However, Michael Burry's pivot to long-dated puts on NVDA, MU, and PLTR signals that sophisticated investors are positioning for a peak in the AI capex cycle. This clash between fundamental software strength and hardware valuation fears creates uncertainty for the semiconductor sector.