Seeking Alpha’s roundup of statements, announcements, and remarks that could impact the technology sector.
- Michael Burry, who was made famous by the book The Big Short, shot down speculation that he was shorting Tesla (TSLA) after calling the company “ridiculously overvalued.”
In an exchange on X early Wednesday morning, Burry responded, “I am not short” when asked by another user if he would short Tesla.
Burry called Tesla “ridiculously overvalued” in a post on X on Tuesday night.
- Nvidia (NVDA) has reportedly asked Taiwan Semiconductor (TSM) to boost production of its H200 AI chips amid a wave of new orders by Chinese tech companies, according to Reuters.
Chinese companies have ordered over 2 million of the chips for 2026, with Nvidia only having around 700,000 in stock. TSM is expected to begin producing additional H200 chips in Q2 2026. Nvidia plans to price H200 chips made for the Chinese market at around $27,000 per chip, Reuters said.
- Nvidia (NVDA), meanwhile, said Chinese orders will not impact its ability to supply chips to U.S. customers.
“Licensed sales of the H200 to authorized customers in China will have no impact on our ability to supply customers in the United States,” an Nvidia spokesperson told Reuters.
“China is a highly competitive market with rapidly growing local chip suppliers. Blocking all U.S. exports undercut our national and economic security and only benefited foreign competition,” the spokesperson added.
- Deliveries of Trump Mobile’s new gold-colored T1 smartphone are being delayed.
Trump Mobile unveiled plans for the phone, which was expected to be priced at $499, in June. The company had planned to begin shipping the phones by the end of 2025, according to the Financial Times.
Trump Mobile attributed the delay to the recent U.S. government shutdown, the FT added.
The FT noted that Trump Mobile has recently been offering second-hand phones from Samsung (SSNLF) and Apple (AAPL), the two dominant players in the U.S. smartphone market.