--- title: "Investor Who Predicted 2008 Crisis Compares Nvidia Hype to 1960s 'Computer Bubble'" description: "Investor Michael Burry compared the hype surrounding Nvidia's AI chip longevity to the 'computer bubble' in late-1960s computer leasing markets." date: 2026-10-03T12:06:15.000Z lang: en url: https://xab.info/en/posts/investor-who-predicted-2008-crisis-compares-nvidia-hype-to-1960s-bubble tags: [nvidia, michael-burry, ai-chips, stock-market, economy] publisher: "XAB.info" --- # Investor Who Predicted 2008 Crisis Compares Nvidia Hype to 1960s 'Computer Bubble' ![Nvidia graphics chips and investor Michael Burry](https://xab.info/media/2026/10/03/investor-predskazavsii-krizis-2008-goda-sravnil-aziotaz-vokrug-nvidia/investor-predskazavsii-krizis-2008-goda-sravnil-aziotaz-vokrug-nvidia-1.webp) ## 🎯 Key Points - Michael Burry compared the Nvidia boom to 1960s computer leasing. - The debate centers on real AI chip lifespans and accounting depreciation methods. - Critics question the long-term infrastructure returns amid rapid hardware progress. Renowned investor Michael Burry, who gained fame for his successful bet against the mortgage market ahead of the 2008 financial crisis, has once again drawn the attention of the expert community. This time, his sharp commentary was sparked by discussions surrounding the lifespan and economic value of Nvidia's graphics chips. The occasion was a recent presentation by the tech giant, which showcased data indicating that its accelerators retain economic value well beyond standard five-year accelerated depreciation schedules. ### Background of the Presentation and Nvidia's Arguments During the presentation, Nvidia featured a slide titled 'NVIDIA AI Infrastructure Retains Value Beyond Accelerated Depreciation Schedules,' comparing the residual value of advanced A100, H100, and cutting-edge B200 chips against standard write-off schedules. Company management and its supporters sought to prove that investments in AI infrastructure possess lasting durability, and that GPUs do not become obsolete as rapidly as skeptics claim. Corporate CEO Jensen Huang even described the computing infrastructure as a durable and highly rentable asset. ### Historical Parallels: The 'Computer Bubble' from Adam Smith's Book In response to these claims, Michael Burry published an analytical piece titled 'Don't Believe Your Lyin' Eyes, GPU Depreciation & Useful Lives.' In it, the investor referenced Adam Smith's famous 1968 book, 'The Money Game.' Burry drew a direct historical parallel to the computer leasing market of sixty years ago, when market participants assured each other of infinite demand for computing hardware and dismissed depreciation questions as 'the older generation's outdated view of a new market.' According to the investor, market psychology and human behavior remain unchanged despite rapid technological progress. ### Contradictory Data Opinions within the expert community regarding the durability of AI equipment are divided. On one hand, Nvidia relies on real market data showing preserved residual values of graphics accelerators and rising rental rates for three-year-old H100 chips. On the other hand, critics, including prominent investor Jim Chanos, raise a logical question: if GPU rentals are so profitable, why doesn't Nvidia run the rental business itself? The core debate today is not just about accounting depreciation schedules, but whether existing infrastructure can generate stable revenue amid the rapid emergence of new hardware generations. ### Market Implications and Analyst Assessments Comparing the current artificial intelligence boom to historical speculative bubbles is causing many institutional investors to rethink their portfolio strategies. Analysts note that while deep learning and generative AI technologies are indeed transforming the global economy, exaggerated expectations regarding infrastructure payback periods could lead to significant corrections. Michael Burry's assessment highlights the risks of overvaluing assets whose actual economic value may fall short of projections due to the pace of technological upgrades. ## πŸ” Fact-Check Verification - [Π˜Π½Π²Π΅ΡΡ‚ΠΎΡ€, ΠΏΡ€Π΅Π΄ΡΠΊΠ°Π·Π°Π²ΡˆΠΈΠΉ кризис 2008 Π³ΠΎΠ΄Π°, сравнил Π°ΠΆΠΈΠΎΡ‚Π°ΠΆ Π²ΠΎΠΊΡ€ΡƒΠ³ Nvidia с Β«ΠΊΠΎΠΌΠΏΡŒΡŽΡ‚Π΅Ρ€Π½Ρ‹ΠΌ ΠΏΡƒΠ·Ρ‹Ρ€Ρ‘ΠΌΒ» 1960-Ρ…](https://www.ixbt.com/news/2026/10/03/439935-investor-predskazavsii-krizis-2008-goda-sravnil-aziotaz-vokrug-nvidia-s-kompiuternym-puzyrem-1960-x.html) - Основной источник ΠΈΠ½Ρ„ΠΎΡ€ΠΌΠ°Ρ†ΠΈΠΈ ΠΎ заявлСниях Майкла Π‘Ρ‘Ρ€Ρ€ΠΈ ΠΈ ΠΏΡ€Π΅Π·Π΅Π½Ρ‚Π°Ρ†ΠΈΠΈ Nvidia ΠΎΡ‚ 27 сСнтября. - [Майкл Π‘Ρ‘Ρ€Ρ€ΠΈ Π΄Π΅Π»Π°Π΅Ρ‚ ставку Π½Π° ΠΎΠ½Π»Π°ΠΉΠ½-Π³Π΅ΠΌΠ±Π»ΠΈΠ½Π³](https://ru.investing.com/news/stock-market-news/article-3298152) - ΠšΠΎΠ½Ρ‚Π΅ΠΊΡΡ‚Π½Ρ‹ΠΉ ΠΌΠ°Ρ‚Π΅Ρ€ΠΈΠ°Π» ΠΎΠ± инвСстиционной активности Майкла Π‘Ρ‘Ρ€Ρ€ΠΈ. ## ❓ FAQ ### Q: Why did Michael Burry compare Nvidia to a 1960s bubble? **A:** The investor saw similarities in market psychology: in the 1960s, computer leasing participants claimed demand for technology was infinite, and similar arguments are now used for AI accelerators. ### Q: What was the essence of Nvidia's controversial presentation? **A:** The company demonstrated that its A100, H100, and B200 accelerators retain economic value longer than the standard five-year accelerated depreciation schedule.