Nvidia recently issued a comprehensive seven-page memorandum, systematically refuting each accusation put forth by renowned short seller Michael Bury. Bury had targeted Nvidia's equity compensation dilution and its revolving financing practices. Around the same period, Bury launched a subscription-based newsletter, drawing parallels between the current AI boom and the infamous dot-com bubble. In this publication, he reaffirmed his bearish outlook on both Nvidia and Palantir, asserting that their market valuations are grossly misaligned with their underlying fundamentals. Bury also revealed that he holds put options on both companies. In response, Nvidia underscored its robust financial standing, clarifying that its investment scale constitutes only a minor fraction of its total revenue. The company further noted that its portfolio entities predominantly depend on third-party financing.