Aleksandra Jensen @RainbirdFx: "Good afternoon, ladies and gentlemen..."

Denmark

Good afternoon, ladies and gentlemen The morning after $NVDA (NVIDIA Corporation) earnings — and the reaction tells you almost more than the numbers themselves. Yes, the quarter was once again very strong. Revenues impressive, margins around 75%, guidance solid. The stock even jumped more than 3% initially. But then? The move faded. And that is the interesting part. When fantastic numbers no longer create sustained upside momentum, the market is no longer trading the present — it’s questioning the future. Under the surface there are a few things investors are clearly thinking about. Inventories have doubled to over $21B. Accounts receivable jumped sharply to around $38B, with just a handful of customers responsible for a large chunk of that. Two customers alone generate more than a third of total revenue. That’s concentration risk. And the bigger macro question is simple: how long can this investment cycle continue at full speed? Nvidia is still the shovel seller in the AI gold rush. But if the gold diggers ever slow their spending, shovel demand slows too. Early signs of plateauing data center construction suggest that “higher, faster, further” may not be infinite. At the same time, geopolitics are heating up again. U.S. rhetoric toward Iran has intensified significantly ahead of talks in Geneva, and military positioning in the region suggests this isn’t just political theater. Markets are calm for now — but it’s a background risk that shouldn’t be ignored at these valuation levels. Technically speaking, the reaction was positive but not explosive. The $NSDQ100 pushed to 25,440 around the release and is now near 25,320. The $SPX500 touched 6,968 and is currently trading around 6,944. Both are trying to grind higher — but without that “breakout energy” you would expect if this had truly changed the game. So what does that tell us? The report was good. Very good. But maybe not good enough to justify blind multiple expansion from here. The market isn’t panicking. It’s thinking. And when indices are near highs, thinking can be more powerful than euphoria. Clear & Simple Recap Nvidia delivered strong earnings. Revenues and margins were impressive again, and the stock initially jumped more than 3%. But the rally didn’t hold — and that’s important. The numbers were very good. But investors are starting to ask how long this massive AI investment cycle can continue. Nvidia depends heavily on a small number of very large customers, and there are early signs that data center expansion may not be accelerating as fast as before. At the same time, geopolitical tensions with Iran are increasing again. Markets are calm for now, but it’s an additional risk factor in the background. Technically, the reaction was positive but not explosive. The Nasdaq spiked to 25,440 and is now around 25,320. The S&P 500 touched 6,968 and is near 6,944. Both indices are trying to move higher — but without a clear breakout so far. In short: The report was strong. The market reaction was cautious. And at these levels, expectations remain very high. I wish you all a nice and profitable day ahead and all the best A www.breakingthenews.net/Article/US-futures-mostly-flat-with-earnings-in-focus/65751592