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Nvidia Defends $4.5 Trillion Valuation Amid Criticism

11/27/2025

Summary

Story summary

Nvidia defends its $4.5 trillion valuation after a dip from $5 trillion, saying it remains robust.
The company issued a memo to stock analysts, published by Bernstein, rebutting Michael Burry (investor)'s criticisms about inventory and customer payments and denying links to accounting fraud.
Nvidia acknowledges Blackwell chip challenges, noting lower margins and higher warranty costs, while asserting its chips remain superior after Meta's talks with Google.

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Story summary

Nvidia defends its $4.5 trillion valuation after a dip from $5 trillion, saying it remains robust.
The company issued a memo to stock analysts, published by Bernstein, rebutting Michael Burry (investor)'s criticisms about inventory and customer payments and denying links to accounting fraud.
Nvidia acknowledges Blackwell chip challenges, noting lower margins and higher warranty costs, while asserting its chips remain superior after Meta's talks with Google.