Nvidia, Jensen Huang, AI valuations, data center spending, Business Insider, Nvidia earnings, market reaction, Michael Burry, Dan Ives, AI boom, NVDA stock

Benzinga

Jensen Huang told employees the market failed to appreciate Nvidia’s exceptional quarter, saying the company is in a no-win position given its economic influence and online chatter about its role in averting a recession. Concerns over lofty AI valuations and rapid data-center spending overshadowed strong results as critics like Michael Burry questioned buybacks and others like Dan Ives praised the quarter. Nvidia fell 3.15% Thursday and traded over 2% lower pre-market Friday but remains up more than 30% this year.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02In a recent company meeting on Thursday, CEO Jensen Huang told employees the market

00:06did not appreciate the company's exceptional corner, according to Business Insider.

00:10Huang said NVIDIA faces a no-win situation because of its economic influence and noted

00:14online discussions about the company's potential role in preventing a U.S. recession.

00:18The company did not immediately respond to Benzinga's request for comment.

00:21Concerns about high AI valuations and the rapid data center spending by major tech companies

00:26offset investor optimism over NVIDIA's strong earnings.

00:29Michael Burry criticized NVIDIA's buybacks, while Wedbush's Dan Ives called the results

00:33a validation moment for the AI booth.

00:35NVIDIA closed down 3.15% on Thursday and traded more than 2% lower pre-market on Friday,

00:41though it remains up 30.61% this year.

00:43For all things money, visit Benzinga.com.

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