I loaded calls this afternoon, two months out so I am not too scared.
I figure regardless of tariffs and competition and other fluctuations the demand for computing power will endlessly trend upwards and as much as we can produce will be consumed.
Even if this were true it doesn't necessarily mean it will translate into stock performance. Expected growth is priced in to the current stock price. Also there are lots of "computing power" companies that are not doing too hot (intel sells "computing power"). Just because there is growth in the sector doesn't mean a given company will do well.
Personally, I have found NVIDIA to be one of the most hyped stocks I have ever seen and it feels weird to take a position that it is under-hyped. That said, people aren't capable of beating the market consistently so I would never invest based on this, or any intuition or information I had.
