The company sent a sharp memo to Wall Street analysts.
It tackles claims of inventory buildup, payment woes, and echoes of past frauds like Enron head-on, using its own clear financial reports to set the record straight.
This defense comes at a tough time.
Shares dipped after news that Meta Platforms might team up with Alphabet’s Google on rival AI chips.
Nvidia hit back on X, boasting its tech leads by a full generation with better power and flexibility than custom ASICs.
Yet, some see this as a sign of worry, especially since Google buys plenty from Nvidia already.
The effect shows in market jitters. At $4.5 trillion, down from $5 trillion, Nvidia proves AI demand stays hot despite critics.
The memo admits Blackwell chips bring lower margins from added complexity, but growth in data centers and AI models overshadows that.
Looking ahead, Nvidia holds strong if AI spending ramps up.
Rivals gain ground, but no one matches its ecosystem yet. Burry sticks to his guns, calling it a Cisco repeat, not Enron.
Smart investors will watch earnings for real proof amid this chip war.