B) 🟡 Neutral — I still lean toward range trading after earnings. The biggest issue now is not whether NVIDIA can beat estimates again, but whether valuation can continue expanding while rates stay high. U.S. employment data remains resilient and inflation is still sticky, which makes it increasingly clear that higher rates will last longer than the market hoped.

The China story also feels more political than fundamental right now. Small shipments may continue as a gesture, but large-scale exports probably only return if NVIDIA’s growth starts slowing and the U.S. becomes more willing to use China orders as a balancing tool. So even with strong numbers, I think upside becomes harder and volatility rises.