New Delhi, Nov. 26 -- US-based chipmaking giant, Nvidia Corp., in a seven-page memo response, refuted 'big short' investor Michael Burry's claims, who has been arguing that the artificial intelligence (AI) investment boom is replaying the dotcom bubble from the 1990s, reported the news portal CNBC.

Investor Michael Burry, the founder of now-dissolved Scion Asset Management and one of the early people to bet against the US housing market in 2008, used a financial instrument like credit default swaps (CDS).

Burry's bet paid off big after the housing market crashed due to the subprime mortgage crisis, making him $100 million back in 2008. After terminating the registration status of his hedge fund, Burry has now turned his attention to a p...