$NVIDIA(NVDA.US)

Context: President Donald Trump called Nvidia CEO Jensen Huang live on speakerphone at the All-In Summit in Los Angeles on Monday to dismiss growing concerns about AI regulation proposals. During the five-minute call, Trump dismissed fears of an existential AI takeover as a "hoax." and said robots are not going to take over the world. He argued that slowing U.S. tech development or adding heavy rules on data centers would only help foreign rivals like China. While Trump noted the U.S. must proceed "prudently," he emphasized that "that doesn't mean we're going to stop an industry." Huang agreed with the president, saying the U.S. can lead in AI while staying safe.

My Trade: I saw the dip as an opportunity to add to my existing position, though with an initial smaller size first as many anticipate a rate hike and stock prices to fall further. If Nvidia breaks recent resistance levels, I'm targeting a $190 next.

Takeaway: Although AI leaders like Anthropic and OpenAI called for a slower progression of AI, I doubt the spending of AI will slow down significantly anytime soon. I'm betting on the slower but more steady growth of Nvidia. @Captain's Treasure