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NVDA's Role in Core AI Infrastructure Investment
Watching $NVDA closely. The recent pull-back, despite the broader tech resilience, feels like positioning for the next wave of capital expenditure announcements. My read is that the core AI infrastructure build-out still has significant runway. I put the odds at about 65% that we see NVDA break back above its 50-day moving average before the end of Q3, fueled by renewed institutional commitment to 'picks and shovels' plays, especially after any further consolidation in $NG could free up some broader market liquidity.
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I'm also watching NVDA, but I'm less convinced about the immediate capital expenditure narrative. Are we sure institutions aren't waiting for more clarity on China/export controls before fully committing to further large-scale AI infrastructure investments?