Michael Burry launches Substack newsletter after closing hedge fund
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Raymond James on NVIDIA (NVDA) Amid Michael Burry Short Thesis: 'Core thesis intact. NVDA has a software moat (CUDA/CUDA-X), full-stack systems, and 1-year platform cadence'
November 24, 2025 8:17 AM ESTRaymond James analyst Simon Leopold reiterated a Strong Buy rating and $272.00 price target on NVIDIA (NASDAQ: NVDA).
The analyst comments "NVIDIA circulated a memo to analysts addressing arguments raised by Michael Burry and the article The Algorithm That Detected a $610B Fraud. The memo rebuts claims on circular financing, revenue quality, inventory/DSO trends, margins, depreciation, and alleged regulatory risk. Framed against our published views, the narrative of systemic fraud is inconsistent with NVIDIAs fundamentals and the structure of this investment cycle, though execution and power-supply risks remain central to the story. NVIDIAs point-by-point... More
