Michael Burry Accuses Nvidia of Spending $150 Million to Block AMD from Securing Oracle AI Data Center Contract

Gate News: On March 11, investor Michael Burry, known for predicting the 2008 subprime mortgage crisis, posted allegations that NVIDIA engaged in anti-competitive behavior in the AI data center projects with Oracle and OpenAI. Burry claimed that OpenAI withdrew from its partnership with Oracle because OpenAI wanted NVIDIA’s next-generation Ruben chips, rather than the Blackwell chips that Oracle had heavily financed. OpenAI believed “the infrastructure isn’t built yet, and the chips will become outdated.” Subsequently, NVIDIA intervened, spending approximately $150 million to prevent AMD from taking over the contract. Burry described this behavior as “like the Mafia” and said it should be part of an antitrust case. He also revealed that the U.S. Department of Justice has been investigating NVIDIA for nearly two years, but he believes no lawsuit will be filed under the Trump administration. Burry mentioned that Oracle and OpenAI still maintain a partnership, and Meta has taken over the construction projects abandoned by OpenAI. He stated that although “the AI industry community says it’s no big deal,” this is “definitely a major issue.” Neither NVIDIA nor the U.S. Department of Justice has publicly responded to these allegations. The DOJ has indeed been investigating NVIDIA for antitrust violations since 2024, and in September 2025, issued subpoenas to NVIDIA and third-party companies.