Nvidia Defends $4.5T Valuation as Stock Rises Amid AI Chip Demand
Nvidia shares climbed 1.37% after the company issued a memo defending its $4.5 trillion market valuation, pushing back against claims linking it to historical accounting scandals. The chipmaker emphasized transparent disclosures and operational resilience despite margin pressures.
Fiscal Q3 revenue reached $57 billion, driven by 154% growth in data center demand. Cross-hardware AI tools are expanding Nvidia's ecosystem, creating opportunities for cloud providers and enterprises.
The rebuttal addressed criticism from short-seller Michael Burry and social media speculation about inventory buildup. Meta's reported discussions to use Google's AI chips were acknowledged without conceding competitive threat.