CNBC: NVIDIA - Those who wear the crown have no peace of mind

Signs of unease within Nvidia's "empire" continue to spread. For nearly a month, Nvidia has been facing doubts about its high valuation in the market. Michael Burry, a "big short" investor, has even pointed out that the company may have overestimated the lifespan of Nvidia's chips and accused this accounting method of inflating profits. The presence of Google has suddenly increased the pressure. Google's release of Gemini 3 itself is not a threat to Nvidia, after all, the latter does not develop large language models; but the problem is that the model is powered by Google's own AI chips. What is even more disturbing to Nvidia is that,
Following news that Meta was considering deploying Google AI chips in its own data centres, Nvidia responded by saying its chips were more flexible and powerful than so-called ASIC chips such as Google's TPUs.
In addition, Nvidia also distributed a memo to Wall Street to refute Burry's accusations. In politics and the semiconductor industry, power requires a delicate balance. Silence can be cloaked in unshakable mystery, showing authority and confidence, but it can also be interpreted as arrogance and alienation; proactive responses can calm doubts, but they can also reveal unease in reverse. Today, the crown is worn on Nvidia's head. And this burden is borne by it alone. (Jin Ten)