Buy the Pullback, But Watch AI Spending: A Mid-Term Trade on Nvidia
Nvidia is the dominant supplier of AI accelerators and networking for data centers, trading at a premium but offering a clear path to continued cash generation. CEO Jen Hsun Huang’s public dismissal of an "AI apocalypse" reinforces confidence, yet risks of a decelerating hyperscaler buying cadence and macro pressure justify a guarded, mid-term long…