Before NVIDIA announced its earnings on August 26, 36 out of 37 analytical institutions covering the stock gave it a "buy" rating, forming a "strong buy" consensus. The average analyst target price is $309, approximately 49% higher than the current stock price, with a forecast range between $250 and $500. However, Michael Burry, an investor who successfully predicted the 2008 housing market collapse, and Bernstein analyst Stacy Rasgon have both warned that NVIDIA's demand might face "circular spending" risks. This means the company could be indirectly funding its chip sales by supporting the debts of its customers (such as OpenAI), thereby artificially inflating sales. Additionally, potential risks of $5 billion in sales from the Chinese market and recent insider sales of $410 million in stock have also raised concerns.