Etched Raises $800M, Nvidia Gains 2.6% Despite Burry Short
NVDA•Michael Burry initiates new short against Nvidia while the stock still gained 2.6% in a Q2 chip-sector rally adding $2 trillion in market value. Startup Etched raised $800 million and signed $1 billion in contracts poised to challenge Nvidia’s inference chips, and Aeva’s 4D lidar tie-up highlights automotive AI demand.
1. Burry Initiates Short on Nvidia
Michael Burry has added Nvidia to his short-position bets, warning of an AI valuation bubble and signaling skepticism about the stock’s lofty multiples despite its market leadership.
2. Nvidia Leads Q2 Chip-Sector Rally
Nvidia’s shares rose 2.63% in Q2, helping drive a collective $2 trillion gain across leading chipmakers as data-center and AI-inference demand accelerated.
3. Etched Raises $800 Million to Challenge Nvidia
AI chip startup Etched closed an $800 million funding round, backed by Stripes and Jane Street, and has secured $1 billion in customer contracts as it prepares summer deliveries aimed at competing with Nvidia’s inference GPUs.
4. Aeva Partnership Expands Nvidia's Automotive AI
Aeva Technologies is integrating Nvidia GPUs with its next-generation 4D lidar systems for robotaxi deployments, underlining Nvidia’s growing footprint in autonomous-vehicle AI solutions.
