The data is really impressive.

Revenue of 81.6 billion, up 85%, and profits doubled. Just mentioning it casually is enough to boast.
But the market isn't excited.
Why? Fatigue from aesthetic appeal. It's like you score 100 points every day, then suddenly 98, and the teacher asks why you're slipping. This time, the guidance didn't meet the expectations of the most optimistic group, and after-hours stock prices dipped a bit.
Next, don't buy blindly.
Hardware stocks (optical modules, servers) previously surged too much, and are likely to face some pressure in the short term. Money will gradually shift toward application side (software, enterprise AI) and domestic substitution. The computing power chain in A-shares might pull back, but the AI main line won't die; it's just that you'll need to choose carefully when buying in the future.
Nvidia proves AI is still alive, but the market has started to become more selective. Those holding hardware stocks can reduce some, and look toward the application side. If you haven't bought in, wait for a pullback, don't chase the high. $BTC ‌#灰度购入超51万HYPE并质押