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- A conspiracy theory surrounding Nvidia has made the rounds on social media, and a Wall Street firm is having none of it.
- Bernstein debunked the baseless theory that CoreWeave is a shell company driving much of Nvidia's recent growth.
- "We can't believe we feel the need to write this note today. And yet, here we are."
"Please don't get your investment thesis from Twitter randos."
That's the main message behind a Wednesday note from Bernstein analyst Stacy Rasgon, who felt forced to dispel a conspiracy theory about Nvidia after it made the rounds on social media this week, prompting his clients to ask whether it has any merit and if it could be hurting Nvidia's stock.
"We can't believe we feel the need to write this note today. And yet, here we are," he wrote.