To The Moon

Nvidia's latest earnings showed 39% of revenue tied to just 2 clients — a valid red flag for concentration risk. Markets hate single-point dependencies, which explains the post-earnings pullback. But history also shows: NVDA often dips after results, then rebounds on AI demand momentum.

🔎 Macro & Micro Factors

Macro: September's Fed meeting and liquidity tone will drive tech multiples. A dovish Fed keeps growth names like NVDA supported.

Micro: AI demand remains structurally strong, with hyperscalers still ramping capex. Customer concentration is a risk, but also reflects how entrenched NVDA is in AI buildouts.

Street View: Despite the dip, 10+ institutions raised targets → new average ~$203, showing confidence in the medium term.

📊 Predictive Outlook

Bearish Path: If risk-off persists, NVDA could test $168–170 support. A break below opens $160 as the next magnet.

Bullish Path: If buyers step in, reclaiming $180 sets up a rebound to $190–195 near-term.

Q4 Potential: AI server ramp + GB200/GB300 rollout could re-rate NVDA back toward $200–210.

✅ Takeaway

Yes, $170 is a legitimate buy zone — but only if support holds and macro doesn't collapse. Long-term AI tailwinds remain intact, and dips like these have historically been healthy corrections, not trend breaks.

I'm not a financial advisor. Trade wisely, Comrades!