$NVIDIA(NVDA.US)
I think people are reading too much into Nvidia responding to Michael Burry and now responding to what’s going on with TPUs.Yes, it is a bit weird — you would imagine a $4T company wouldn’t spend time on those types of concerns.However, Jensen’s own internal memos from last week when he discussed the market’s reaction to their earnings shows how much he understands that the underlying economy and AI thesis is contingent upon Nvidia’s success. Even during DeepSeek, Nvidia decided to issue a statement. I think Jensen just really wants the world to know that he’s not running Enron and that many of the core concerns like depreciation or TPUs miss the larger thesis that Nvidia has tried to communicate.If Jensen is somehow cooking the books or artificially propping up demand, that means the entire market got it wrong. Every sell-side analyst (that spends way more time in the numbers and has access to the C-suite) got it wrong. The entire bull case was fake.I find that very hard to believe and think Jensen responding to these accusations is him just doing what any CEO would do — express his point of view against claims that he likely feels are not rooted in reality.Source: amit
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