Is the drop in NVIDIA's stock price due to rumors of order cuts? Ming-Chi Kuo firmly supports: it is a market misreading.

① NVIDIA's stock price dropped due to market concerns about the reduction of its CoWoS orders, falling by as much as 8.69% on Monday; ② Reports indicate that NVIDIA's CoWoS wafer orders at Taiwan Semiconductor have decreased from over 400,000 pieces to 0.38 million pieces, but Analyst Ming-Chi Kuo believes this is a misinterpretation by the market; ③ NVIDIA's CEO Jensen Huang also stated that the decrease in production is a result of transitioning to new production lines.

cls.cn20minutes ago

CoreWeave, known as NVIDIA's "favorite child," has submitted an IPO application. Last year, its revenue skyrocketed eightfold, with capital expenditure tripling, and Microsoft contributed two-thirds of the revenue.

The AI Cloud Computing Company CoreWeave has submitted an IPO application to the USA Securities and Exchange Commission, with an estimated Company Valuation of over 35 billion USD, planning to raise about 4 billion USD. Currently, investors are discussing how long CoreWeave's growth can be sustained, as reduced reliance by major clients like Microsoft and Meta on external Cloud Computing Service providers may impact CoreWeave.

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What happened? NVIDIA plummeted nearly 9% on Monday, with a Market Cap evaporation of 265 billion dollars.

Jordan Klein, an Analyst at Mizuho's trading desk, stated in a media interview that this is a continuation of last week's market trends, describing this round of declines as a "cooling down" of AI Trades.

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