Since NVIDIA rose to $230, I’ve reminded everyone multiple times that it’s a good idea to take profits or fully exit at the highs. What do you think—does it make sense? 1. Right now, with a $5 trillion market cap, it’s already priced in years of future growth expectations. The valuation has completely exhausted NVIDIA’s moat logic based on its performance. 2. There’s a long-term hidden risk: major customers like Google, Amazon, and Microsoft will inevitably develop their own AI chips. They’ll do everything they can to ‘de-NVIDIA-fy’ their operations. These leading tech and cloud companies won’t let themselves be overly dependent on a single company. That’s the real threat for the future.