google, nvidia and meta Updates

Kelly Chung, a prominent Asian fund manager overseeing $490 million across her Value Partners Asian Income Fund and Asian Innovation Opportunities Fund, is strategically reallocating her AI investments. She is moving capital from South Korean and Taiwanese AI stocks into Chinese counterparts, particularly Hong Kong-listed hyperscalers. Chung believes Chinese tech companies offer superior value and growth prospects compared to their US counterparts, a trend she anticipates will continue. This shift highlights a growing confidence in China's AI sector.Beyond this regional shift, the global AI boom is manifesting in various economic indicators. Malaysia, for instance, has emerged as a leader in Southeast Asian AI investment, attracting 32% of the region's total funding, amounting to US$759 million, between late 2024 and mid-2025. This surge is fueled by massive infrastructure growth, with data center capacity in Malaysia jumping from 120 megawatts to 690 MW and a planned 350% increase. Google is a significant player here, investing US$2 billion to establish its first data center and Google Cloud region in Malaysia. Meanwhile, the wealth generated by the AI industry is also reshaping local economies, pushing the Bay Area's luxury housing market to the top spot nationally.Amidst this investment frenzy, a debate over a potential "AI bubble" is intensifying. Investor Michael Burry, known for "The Big Short," is betting against Nvidia stock, drawing parallels to Cisco during the dot-com bubble. Burry warns of an oversupply in the AI market, questioning Nvidia's high valuation and pointing to issues like stretched depreciation schedules. In response, Nvidia has issued a memo to Wall Street analysts to counter Burry's claims, clarifying stock buyback numbers and asserting that its GPUs, such as the A100s, have a lifespan of 4 to 6 years, longer than the 2 to 3 years Burry suggested.Nvidia CEO Jensen Huang further dismissed the notion of an AI bubble, emphasizing three fundamental technological shifts: the global transition from CPUs to more powerful GPUs, the rapid expansion of generative AI, and the rise of agentic AI. Huang believes these shifts represent a foundational transformation that will drive substantial infrastructure growth for years. However, competition in the AI chip market is heating up. Reports indicate that Google is actively courting Meta Platforms to supply AI chips, a move that could significantly impact AMD's server sales and increase competition for AMD, Intel, and Nvidia in the AI CPU market. This potential deal caused AMD's stock to drop and also contributed to a decline in Nvidia's shares, while Alphabet, Google's parent company, saw its shares rise.In other AI sector news, Permutable AI is transforming global trading intelligence by providing real-time market insights driven by narrative analysis, helping financial firms understand risks and market sentiment. Separately, BigBear.ai reported a third-quarter earnings miss, with a loss of $0.14 per share and revenue of $104.6 million. Despite this, the company announced plans to acquire Project Kuiper, a private AI company, for $100 million, aiming to enhance its AI capabilities and expand its market reach, with the acquisition expected to close in the first quarter of 2025.

Key Takeaways

• Kelly Chung is shifting $490 million in AI investments from South Korean and Taiwanese stocks to Chinese AI companies, particularly Hong Kong-listed hyperscalers, citing better value.
• Investor Michael Burry is betting against Nvidia stock, comparing the current AI boom to the dot-com bubble and warning of oversupply.
• Nvidia CEO Jensen Huang denies an AI bubble, highlighting fundamental shifts from CPUs to GPUs, the growth of generative AI, and the emergence of agentic AI.
• Reports of Google potentially offering AI chips to Meta Platforms caused AMD's stock to drop and also impacted Nvidia, intensifying competition in the AI chip market.
• Malaysia has attracted US$759 million in AI funding, becoming Southeast Asia's top destination, with Google investing US$2 billion for its first data center and Google Cloud region there.
• The Bay Area's luxury housing market now ranks first nationally, driven by wealth generated from the artificial intelligence boom.
• Nvidia clarified that its GPUs, like the A100s, have a lifespan of 4 to 6 years, countering Michael Burry's suggestion of a shorter 2 to 3-year depreciation.
• Permutable AI is enhancing global trading intelligence by providing real-time market insights and sentiment analysis through a multi-agent AI system.
• BigBear.ai plans to acquire private AI company Project Kuiper for $100 million in Q1 2025, despite missing its third-quarter earnings forecast.
• The AI CPU market faces increased competition from players like AMD, Intel, Nvidia, and Google, particularly with Google's efforts to challenge Nvidia's leadership.

Top Asian Fund Shifts AI Investments to China

Kelly Chung, a leading Asian money manager, is moving her investments from South Korean and Taiwanese AI stocks to Chinese ones. She believes Chinese AI companies, especially Hong Kong-listed hyperscalers, offer better value and future growth. Her two funds, totaling $490 million, have outperformed most peers. Chung noted that Chinese tech stocks are cheaper than US ones, and she expects this shift to continue.

Fund Manager Kelly Chung Invests More in Chinese AI

Kelly Chung, a fund manager for Value Partners Asian Income Fund and Asian Innovation Opportunities Fund, is increasing her investments in Chinese AI stocks. She finds Chinese companies, especially Hong Kong-listed hyperscalers, to be more affordable. Since August, Chung has been selling stocks in Taiwan and South Korea to buy more in China, a trend she expects to continue.

Nvidia Counters Michael Burry's AI Bubble Claims

Nvidia sent a memo to Wall Street analysts to disagree with investor Michael Burry's claims about an AI bubble. Burry compared the current AI boom to the dot-com era's telecom buildout, pointing to high spending and stretched depreciation. Nvidia clarified its stock buyback numbers and stated that its GPUs, like the A100s, last 4 to 6 years, not 2 to 3 years as Burry suggested. Burry believes Nvidia is like Cisco during the 1999-2000 tech bubble, leading to oversupply.

Michael Burry Bets Against Nvidia Stock

Investor Michael Burry, famous for "The Big Short," is betting against Nvidia stock, comparing it to Cisco during the dot-com bubble. He warns of too much supply in the AI market and questions Nvidia's high valuation. Burry points to issues like stretched depreciation schedules and certain financial deals as red flags. He believes the AI boom is overbuilt and that Nvidia's stock price expects more than the market can deliver. Despite Nvidia's strong performance, Burry maintains his view that this AI frenzy is similar to past market bubbles.

AI Wealth Drives Bay Area Luxury Home Sales

The Bay Area's luxury housing market now ranks number one in the nation. A large amount of wealth from the artificial intelligence boom is changing real estate trends there. This has pushed luxury home sales in San Francisco and nearby areas to their highest levels in years.

Google AI Chip Deal with Meta Hurts AMD Stock

AMD stock dropped significantly after reports that Google might offer AI chips to Meta Platforms. If Meta accepts Google's offer, it could lower Meta's demand for AMD's AI CPUs. This potential deal would harm AMD's server sales, which are very important during the current AI boom. It would also increase competition in the AI CPU market, where AMD already faces rivals like Intel and Nvidia. Analysts currently give AMD a Moderate Buy rating.

Malaysia Leads Southeast Asia in AI Investment

Malaysia attracted 32% of Southeast Asia's total AI funding, reaching US$759 million, from late 2024 to mid-2025. This makes it the top spot for AI investment in the region, driven by massive infrastructure growth. Data center capacity in Malaysia jumped from 120 megawatts to 690 MW, with plans for a 350% increase. Google is investing US$2 billion to build its first data center and Google Cloud region there. Most funding came from digital financial services, but investors expect growth in other AI sectors by 2030. Also, 74% of Malaysian digital consumers use AI tools daily, showing strong adoption and leading to a 103% revenue growth for AI-powered apps.

Nvidia CEO Jensen Huang Denies AI Bubble

Nvidia CEO Jensen Huang believes there is no AI bubble, even though some investors are worried. He highlights three major changes happening in technology right now. First, the world is shifting from using CPUs to more powerful GPUs for computing. Second, generative AI, which creates new content, is growing fast and improving many applications. Third, agentic AI, which can make its own decisions, is becoming the next big thing. Huang states these shifts are fundamental and will lead to significant growth in infrastructure for years to come.

Permutable AI Transforms Global Trading Intelligence

Permutable AI is changing global trading by offering real-time market intelligence driven by narratives. This company uses a multi-agent AI system to understand global information and its effects before traditional data becomes available. It helps traders, hedge funds, and financial firms better understand risks, market feelings, and big economic signals. The platform works like a research team, scanning many sources, finding changes in sentiment, and connecting events to price movements with clear information. Permutable AI aims to help human analysts by giving them reasons and context, improving how markets are understood.

Nvidia Falls as Google Courts Meta for AI Chips

Nvidia's stock dropped after reports that Meta Platforms is discussing buying AI chips from Google. This news comes as Google aims to challenge Nvidia's leadership in artificial intelligence technology. Meanwhile, Alphabet, Google's parent company, saw its shares rise. Kohl's stock also increased following positive earnings and the permanent appointment of Michael Bender as CEO. Additionally, Abercrombie & Fitch shares jumped 35% after the company raised its sales forecast for the year, driven by strong performance from its Hollister brand.

BigBear.ai Stock Drops After Earnings Miss

BigBear.ai stock fell 1.4% on Tuesday after the company reported its third-quarter earnings. The company missed analyst predictions, reporting a loss of $0.14 per share and revenue of $104.6 million. Despite the disappointing results, BigBear.ai announced plans to buy Project Kuiper, a private AI company, for $100 million. CEO Dr. Sean O'Connor believes this acquisition will improve BigBear.ai's AI abilities and expand its market. The acquisition is expected to be finalized in the first quarter of 2025.

Sources

• China’s AI Promise Lures Top Asia Fund Away From Korea, Taiwan
• China’s AI Promise Lures Top Asia Fund Away From Korea, Taiwan
• Nvidia namechecks Michael Burry in secret memo pushing back on AI bubble allegations
• Why Michael Burry is shorting Nvidia amid the AI frenzy
• Bay Area luxury housing market ranks No. 1 in the nation as AI boom boosts big October sales
• AMD Stock Slammed by Google’s AI Offer to Meta
• e-Conomy SEA 2025: Malaysia takes 32% of regional AI funding
• Artificial Intelligence Bubble? Not According to Nvidia's CEO Jensen Huang
• How Permutable AI Is Quietly Rewiring Global Trading With Next Gen Market Intelligence
• Stock Movers: Nvidia, Alphabet, Kohl's
• BigBear.ai (NYSE:BBAI) Trading Down 1.4%