TechFlow news, November 27 — According to Jinshi Data, Nvidia (NVDA.O), the world's most valuable company by market capitalization, has launched an information campaign on Wall Street and social media to defend itself against skeptics questioning its $4.5 trillion valuation (down from a peak of $5 trillion). Last week, the company issued a detailed memo to sell-side equity analysts, point-by-point rebutting allegations raised by Michael Burry—the real-life figure behind the movie "The Big Short"—and other writers publishing on Substack. Burry, who rose to fame for shorting the U.S. housing market ahead of the 2008 financial crisis, has recently intensified his criticism of Nvidia in a new article. The memo was published by research firm Bernstein. One day before Bernstein released the memo, tech publication The Information reported that Meta Platforms is discussing with Google the use of Google's AI chips—rivals to Nvidia's semiconductors—causing Nvidia's stock price to fall. Nvidia publicly responded to the report on the social media platform "X," stating it is "happy for Google's success" but asserting its chips remain one generation ahead of competitors.
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