Nvidia Responds to Michael Burry's Criticism

Nvidia addresses criticism from investor Michael Burry, who questioned the companys financial practices, including share buybacks and employee compensation. Nvidia clarified that Burrys calculations were incorrect due to including taxes related to restricted stock units. The company emphasized that employee equity grants should not be confused with the performance of their repurchase program and that their employee compensation is in line with industry standards. Burry continues his critique on his new Substack blog, but Nvidia has declined to provide further comment.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.