The head of Scion Asset Management, who’s best known for his bet against the US housing market before the 2008 global financial crisis and recently terminated his hedge fund’s registration with the Securities and Exchange Commission, suggested that the lengthening depreciation schedules for computing gear from technology behemoths like Meta Platforms Inc. and Alphabet Inc. enables them to artificially pad their earnings growth. Shares of the four biggest spenders on artificial intelligence infrastructure — Meta, Alphabet, Amazon.com Inc. and Microsoft Corp. — are in the green this year.