Nvidia Shares Face Market Crosscurrents Amid Billion-Dollar Deal and Bearish Bet

Nvidia finds itself at the center of conflicting market forces. While the chipmaker’s CEO Jensen Huang announced a major new partnership with Deutsche Telekom in Berlin and analysts tout record future orders, prominent investor Michael Burry has unsettled markets with a substantial bearish position against the AI sector. The contrasting developments sent shares downward despite strong underlying business metrics, raising questions about potential overvaluation in the artificial intelligence space.

In a strategic move for European AI infrastructure, Nvidia and Deutsche Telekom will jointly establish a state-of-the-art computing facility in Munich. The project, valued at one billion euros, represents a significant commitment to sovereign AI capabilities within Europe. Scheduled to Read more...