Nvidia(US:NVDA) 36氪·2025-11-06 09:51Core Viewpoint - The article discusses the recent developments surrounding Nvidia, highlighting the founder Jensen Huang's significant stock sell-off, the actions of prominent investors like Michael Burry, and the implications of these moves on Nvidia's market position and valuation amid rising concerns about a potential bubble in the AI sector [4][20][38]. Group 1: Stock Sell-off and Market Reactions - Nvidia's market capitalization recently peaked at $5 trillion but faced a nearly 4% drop in stock price, bringing its value down to $4.83 trillion [4][6]. - Michael Burry has taken a substantial short position against Nvidia, holding put options worth over $1 billion, which constitutes 80% of his portfolio [6][9]. - Jensen Huang has sold over $1 billion worth of Nvidia stock since June, part of a pre-arranged plan to sell up to 6 million shares by year-end [7][11]. Group 2: Business Diplomacy and Strategic Alliances - Huang's recent visit to South Korea included a notable meeting with Samsung and Hyundai, where they agreed on a deal for Nvidia to supply over 260,000 Blackwell chips, increasing the total from 65,000 [27][28]. - This strategic alliance aims to solidify Nvidia's position as an indispensable supplier in the face of competition from companies like Microsoft and Google, which are developing their own AI chips [28][29]. - The partnership is expected to enhance supply chain resilience and ensure a steady flow of advanced chips to key partners in the region [29][31]. Group 3: Market Challenges and Future Outlook - Nvidia's share of the Chinese AI chip market has plummeted from 95% to nearly zero due to U.S. export restrictions, resulting in significant revenue losses and inventory write-downs [33][36]. - Huang has expressed concerns about the long-term viability of Nvidia's market position, especially as Chinese companies like Huawei advance in AI chip development [36][38]. - Despite 73 out of 80 analysts maintaining a "buy" rating, some analysts are warning of a potential bubble reminiscent of the 2000 internet bubble, suggesting that Nvidia's current valuation may not be sustainable [38][39].