Short seller Jim Chanos rolls his eyes at AI hype as Nvidia signals it may sell new shares to eager investors

• Jim Chanos rolled his eyes at a bold claim that investor interest in AI couldn’t be satisfied.
• “Wall Street is quite good at creating supply to meet demand,” the famed short seller said.
• Nvidia has signaled it may sell up to $10 billion of stocks and other securities to eager investors.

Jim Chanos took aim at the excessive hype around artificial intelligence on Friday, as investors continue to pile into Nvidia and other technology stocks in the belief they’ll cash in on the disruptive technology.

“There simply is not enough market cap available to support the buying mania for artificial intelligence,” Joseph Zappia, a cochief investment officer at LVW Advisors, told The Wall Street Journal for a recent article.