Jim Chanos Says It’s Hard to Raise Cash in the ‘Golden Age of Fraud’
- He sees short opportunities in data centers and solar stocks
- Short sellers like him still struggle to raise capital
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From solar stocks to data centers, legendary investor Jim Chanos sees plenty of opportunities for short sellers. The problem: Bearish money managers like him are still struggling to raise capital.
Chanos, renowned for calling Enron Corp.’s demise, restated his lament that now is “the golden age of fraud” as a relentless bull market has left many companies with bloated valuations. He points to how residential solar stocks are “burning millions of dollars per quarter,” while legacy data centers are at risk being big losers in the artificial intelligence revolution as their infrastructure may not be compatible with newer technologies.