Nvidia Affirms AI Lead While Burry Bets Against Microsoft Amazon

Nvidia's Chief Financial Officer, Colette Kress, recently affirmed the company's strong leadership in artificial intelligence, stating that Nvidia is "absolutely not" losing its competitive edge. Kress, speaking at the UBS Global Technology and AI Conference, projects global AI investments could reach an astounding $3 trillion to $4 trillion by 2030. Despite this optimistic outlook, a significant $100 billion partnership with OpenAI, which involves deploying millions of Nvidia GPUs and substantial data center capacity, remains an unfinalized agreement. Kress highlighted the complexities of such large deals, citing challenges in securing data center capacity, energy, and capital, alongside Nvidia's rapid pace of innovation. Nevertheless, she emphasized the robust partnership between Nvidia and OpenAI, with OpenAI viewing Nvidia as its preferred compute partner, though Nvidia's current sales forecasts do not rely on this specific megadeal. Amidst the booming AI market, Michael Burry, known from "The Big Short," expresses skepticism, betting against AI stocks including Nvidia, Microsoft, and Amazon. Burry argues that these tech giants might be using accounting methods that overstate earnings by depreciating AI hardware over too long a period, given the rapid obsolescence of chips. While his concerns about accounting practices are noted, the article points out that these companies adhere to GAAP rules and receive approval from Big Four auditors. Meanwhile, other companies are actively engaging with AI; Cisco Systems reports strong earnings and new AI deals, including a major project in Saudi Arabia, contributing to its stock climbing over 28% this year. In the cybersecurity sector, Zafran Security, an AI defense startup led by former spy Sanaz Yashar, successfully raised $60 million, bringing its total funding to $130 million since 2022, to combat increasingly severe AI-driven cyberattacks. Even consumers are leveraging AI, with Austin Peay State University demonstrating how AI prompts can help holiday shoppers save money through budgeting, product comparisons, and finding personalized gifts. For investors, specialized ETFs like the Spear Alpha ETF (SPRX) and the Global X Data Center & Digital Infrastructure ETF (DTCR) offer diversified ways to invest in AI hardware and infrastructure, respectively. The overall sentiment from strategists at 22V Research indicates that shorting US stocks is risky due to a strong economy and the ongoing AI boom, with the S&P 500 index rising significantly over the past year.

Key Takeaways

• Nvidia's CFO, Colette Kress, asserts the company maintains a strong lead in AI, projecting global AI investments to reach $3 trillion to $4 trillion by 2030.
• The $100 billion partnership between Nvidia and OpenAI, involving extensive GPU deployment, is not yet a final agreement due to complexities like data center capacity and energy.
• Despite the unfinalized deal, OpenAI considers Nvidia its preferred compute partner.
• Michael Burry is betting against AI stocks, including Nvidia, Microsoft, and Amazon, citing concerns about accounting practices for AI hardware depreciation.
• Zafran Security, an AI defense cybersecurity startup, raised $60 million in new funding, bringing its total to $130 million since 2022, to counter AI-driven cyber threats.
• Cisco Systems reports strong earnings and new AI deals, contributing to its stock's more than 28% increase this year.
• A strong economy and the ongoing AI boom make shorting US stocks risky, with the S&P 500 rising over 25% in the last 12 months.
• Consumers can use AI to save money on holiday shopping by generating prompts for budgeting, product comparisons, and personalized gift ideas.
• Investment vehicles like the Spear Alpha ETF (SPRX) and the Global X Data Center & Digital Infrastructure ETF (DTCR) offer diversified exposure to AI hardware and data center infrastructure.

Nvidia CFO says company keeps strong AI lead

Nvidia's CFO, Colette Kress, stated the company is "absolutely not" losing its lead in artificial intelligence. She spoke at the UBS Global Technology and AI Conference, following an Oct. 29 conference in Washington D.C. Kress noted that everyone uses Nvidia's platform and expects global AI investments to reach $3 trillion to $4 trillion by 2030. She also mentioned their plan to invest in OpenAI is still not a final agreement.

Nvidia OpenAI $100 billion deal not yet final

Nvidia's CFO, Colette Kress, confirmed at the UBS Global Technology and AI Conference that their $100 billion OpenAI partnership is still not a final agreement. The deal, announced in September, involves deploying millions of Nvidia GPUs and up to 10 gigawatts of data center capacity. Kress explained that challenges like securing data center capacity, energy, and capital, along with Nvidia's fast innovation pace, make such large deals complex. Despite this, she stressed that Nvidia and OpenAI have a very strong partnership, and OpenAI views Nvidia as its preferred compute partner. Nvidia's current sales forecasts do not depend on this specific megadeal.

APSU shows how AI helps holiday shoppers save money

Austin Peay State University, or APSU, shared tips on December 2, 2025, showing how artificial intelligence can help people save money on holiday gifts. A PwC survey found that 80% of holiday budgets are spent by Cyber Monday. APSU's marketing experts created AI prompts for budgeting, comparing products, and finding gift ideas. Professor Volker designed prompts for planning and dynamic budget allocation, while Associate Professor Choi advised tracking prices to avoid fake deals. The university also suggested using AI to find personalized, experience-based gifts, which often create more happiness than physical items.

Michael Burry warns about AI stock accounting

Michael Burry, famous from "The Big Short," is betting against artificial intelligence stocks, including Nvidia. He believes big tech companies like Nvidia, Microsoft, and Amazon are using accounting methods that make their earnings look better than they are. Burry argues that these companies depreciate AI hardware over too long a period, even though new chips make older ones obsolete quickly. While Burry's concerns about accounting practices are valid, the article notes that these companies follow GAAP rules and Big Four auditors approve their financial statements. The author concludes that this issue is interesting but not a major problem for Nvidia investors.

Cisco stock rises with strong earnings and new AI deals

Cisco Systems, known by its stock ticker CSCO, is gaining attention after its recent earnings were better than expected. The company is also building momentum with new partnerships, including a collaboration with Asiacell and a big artificial intelligence project in Saudi Arabia. These developments have helped Cisco's share price climb more than 28% this year. In the last three months alone, the stock has seen a solid 12% increase.

Spear Alpha ETF invests in AI hardware companies

The Spear Alpha ETF, known as SPRX, is an active fund that invests in companies making the hardware for artificial intelligence, cloud infrastructure, and advanced manufacturing. Its portfolio holds 27 stocks, focusing on areas like semiconductors, photonics, and networking parts. This ETF offers a way to invest in the AI hardware market without having to choose individual stocks. It is best used as a smaller part of a larger investment plan because it can see big gains or losses.

Strong economy and AI make shorting US stocks risky

Strategists at 22V Research warn that betting against US stocks, known as short selling, is dangerous right now. Dennis Debusschere and his team point to a strong economy and the continuing boom in artificial intelligence as key reasons. The S&P 500 index has already risen over 11% this year and more than 25% in the last 12 months. They note that a tight job market, good consumer spending, and high AI spending are driving company earnings. While risks like inflation exist, 22V Research believes stocks will likely continue to rise.

Ex spy's Zafran Security raises $60 million for AI defense

Zafran Security, a cybersecurity startup led by former spy Sanaz Yashar, raised $60 million to fight growing artificial intelligence threats. This new funding brings their total to $130 million since 2022. Yashar, who served 15 years in Israel's elite Unit 8200, said AI is making cyberattacks much more severe. Zafran uses AI and automation to help companies manage their security risks. The company plans to hire more staff, and its customers include major businesses in healthcare, finance, and technology.

DTCR ETF diversifies AI investments with data centers

The Global X Data Center & Digital Infrastructure ETF, known as DTCR, offers a way to invest in artificial intelligence by focusing on data center and cellular tower companies. This ETF tracks the Data Center REITs & Digital Infrastructure Index and holds 26 companies. It helps investors spread out their AI investments beyond big names like Nvidia and Broadcom, reducing risk. Experts recommend a "Buy" rating for DTCR, suggesting it makes up 2% to 3% of an investment portfolio.

Sources

• Nvidia "absolutely not" losing AI lead, CFO says
• Nvidia’s CFO admits the $100 billion OpenAI megadeal 'still' isn't 'definitive'—two months after it helped fuel an AI rally
• APSU Highlights How Artificial Intelligence Can Stretch Holiday Gift Budgets - Clarksville Online - Clarksville News, Sports, Events and Information
• Michael Burry Just Sent a Warning to Artificial Intelligence (AI) Stocks. Should Nvidia Investors Be Worried?
• Cisco Systems (CSCO): Evaluating Valuation Following Earnings Beats and New AI Partnerships
• SPRX: Spear Advisors’ Industrial-Technology Innovation ETF (NASDAQ:SPRX)
• Economy and AI Push Make Shorting US Stocks Dangerous, 22V Says
• Former cyber spy raises $60 million to fight AI threats
• DTCR: Diversifying AI Investment Strategy With Data Center REITs (NASDAQ:DTCR)