Seeking Alpha(@SeekingAlpha):Michael Burry (@michaeljburry) warns Anthropic's IPO filing exposes a dangerous web of circular financing across the AI boom. $QQQ $SMH Anthropic disclosed $537B in compute commitments, while quarterly revenue growth slowed to 46%. $AMZN, $GOOGL, and $MSFT act as both cloud providers and equity backers, compounding potential downturns. Forward PEG ratio: Alphabet = 2.1 Microsoft = 1.7 Seeking Alpha Quant Rating for Alphabet: Hold. Seeking Alpha Quant Rating for Microsoft: Hold. For Burry's thesis to fail, rising model efficiency must generate massive volume rather than shrink compute demand. Is the AI boom built on circular financing?

2026.10.29 14:59

Michael Burry (@michaeljburry) warns Anthropic's IPO filing exposes a dangerous web of circular financing across the AI boom. $QQQ $SMH Anthropic disclosed $537B in compute commitments, while quarterly revenue growth slowed to 46%. $AMZN, $GOOGL, and $MSFT act as both cloud providers and equity backers, compounding potential downturns. Forward PEG ratio: Alphabet = 2.1 Microsoft = 1.7 Seeking Alpha Quant Rating for Alphabet: Hold. Seeking Alpha Quant Rating for Microsoft: Hold. For Burry's thesis to fail, rising model efficiency must generate massive volume rather than shrink compute demand. Is the AI boom built on circular financing?