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Contrarian CallNASDAQ · NVDA

Why we're trimming into the consensus melt-up

ReduceNVIDIA Corp.June 30, 202615 min read

Not a short — a discipline note. Hyperscaler capex is pulling forward demand faster than the installed base can depreciate. We map the air-pocket quarter the sell-side won't underwrite.

The full note — including the model, comparables, and risk section — is available to Research and Desk+ subscribers. See plans.