Jim Chanos criticized the behavior of publicly traded companies holding Bitcoin as "absurd".

According to Gate News bot, Fortune magazine reports that Jim Chanos, founder of Chanos & Co, compares current AI companies to the internet giants Cisco and Lucent from the 90s. He pointed out that when the TMT bubble burst, these companies experienced a simultaneous drop in orders and valuations.

Chanos emphasized that with the slowdown in the labor market and tariff disruptions, companies are currently cutting AI spending, reducing capital expenditures, and shelving projects, directly impacting revenue and profit expectations.

In the cryptocurrency market, Chanos criticized the surge in the number of publicly traded companies holding Bitcoin. He had a dispute with Strategy founder Michael Saylor over company valuations, and regarding Saylor's claim that Strategy could raise funds at a premium and that its business model was "risk-free," Chanos directly called it financial nonsense.

When talking about Tesla, Chanos drew an analogy with Cisco, stating that in 1999, Cisco carried people's hopes and dreams, while now Tesla plays that role.