$NVDA Launching the "Computing Power Partner Program"! Can 197 be a bottom?

Guys, Nvidia made a big move last night—the "AI Computing Partner Program," which is much more important than ordinary news.
News:
Nvidia officially announced on July 1 that it will provide computing power guarantees for AI cloud providers: If GPUs are not rented out, Nvidia will lease them back at an agreed price; in return, it takes a share of the cloud providers' revenue or equity. The first partner, Sharon AI, will deploy 40k GB300 GPUs, and Firmus is building a 360 MW AI factory in Indonesia.
This is a strategic shift: from simply selling chips to becoming the "central bank" of the computing power ecosystem. It helps small cloud providers secure financing while hedging against the risk of major customers developing their own chips. After the announcement, Sharon AI rose up to 10% in pre-market trading.
However, NVDA still closed down 1.25% last night. The storage sector plunged, and market concerns about AI capital expenditures continue to dampen sentiment.
Technical Analysis:
The current price is 197, within a descending channel, trying to reclaim the 198-205 resistance zone.
Resistance above: 198-200, strong resistance at 205.
Support below: 193.5; if lost, look at 184-185.
Gongming’s View:
The long-term strategic outlook is clearly positive, but the short-term technical picture is weak, and with a drop of about 12% in June entering the correction zone, it's safer to wait for stabilization signals.
Trading Strategy:
Conservative: Wait for a pullback to the 193-194 range to go long. Aggressive: Go long with a small position near 197.
The long-term logic hasn't changed, but don't rush to buy the dip in the short term.
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