AfraSimon
09-03

$NVIDIA Corp(NVDA)$ Some say Nvidia's stock dropped after earnings due to concerns about concentration risk. However, hyperscalers currently get priority access to Nvidia's products which is one reason that is so high. But also there is a significant unmet demand, so if hyperscalers were to cut back, others would quickly fill the gap. I don’t see this as a problem.Additionally, global IT spending is around $5 trillion, with AI currently accounting for 10% of that (according to ChatGPT). AI spending is expected to grow to 20% of total IT spending.I'm very bullish on Nvidia.

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