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1hon MSN
Nvidia's bumpy November
Nvidia's sterling armor was dented this month. Now, Nvidia and its CEO Jensen Huang are in the rare position of playing defense.
The Big Short' investor Michael Burry has publicly called the financials of Nvidia into question, and the company has fired back.
Nvidia has been vocal in refuting budding criticisms, and there’s debate over the merits of its communications strategy.
Beyond training, Chinese tech companies also use south-east Asian data centres to service their overseas customers, as Alibaba and ByteDance seek to grow their share of the global cloud computing market. Chinese companies are also expanding access to data centres in other regions such as the Middle East.
Nvidia , the world's most valuable company, has gone on the defensive against skeptics of its $4.5 trillion valuation, down from a historic $5 trillion, by waging an information campaign on Wall Street and social media.
Michael Burry said Nvidia's rebuttal to his critiques contained "one straw man after another," adding that he owns put options on Nvidia and Palantir.
This year’s revenues are anticipated to be around $215 billion, with the figure expected to surpass $300 billion next year.
Top Chinese firms are training their artificial intelligence models abroad to access Nvidia's chips and avoid U.S. measures aimed at curbing their progress in advanced technology, Financial Times reported on Thursday.
S&P 500 futures were up 0.29% this morning, premarket, after the index closed up 0.91% yesterday. Markets in Asia and Europe were up across the board. Perhaps most interestingly, tech stocks that aren’t Nvidia are also holding their own—the Nasdaq Composite was up 0.58% yesterday.
Nvidia Corp.’s Jensen Huang continues to play catch up with his philanthropy, as his company’s soaring stock keeps raising the bar for how much his foundation has to give away.
Additionally, management's tone remained confident. Nvidia CEO Jensen Huang emphasized in the company's fiscal third-quarter update that sales of its Blackwell GPUs were "off the charts," and it noted that its cloud GPUs were completely sold out.