NVDA Market Analysis June 2, 2026.02 In the video on May 31st, it was mentioned that 208 may be the end point of adjustment, and the next wave of upward trend is starting here, which has been preliminarily verified. Based on comprehensive fundamentals, news, and policies, NVDA still has upward momentum in the near future, but in the medium to long term, we do need to be wary of a major adjustment. After the Q1 financial report, the market has confirmed that AI demand is still high, data centers are still the core engine, and the next generation Vera Rubin is starting to take over Blackwell. NVIDIA has officially stated that Rubin products will be launched by partners in the second half of 2026, AWS、Google Cloud、Microsoft、OCI， And cloud vendors such as CoreWeave, Lambda, Nebius, etc. are on the first deployment list. CoreWeave announced on June 1st that it has completed the first launch and validation of NVIDIA Vera Rubin NVL72, becoming the first AI cloud vendor to bring Vera Rubin NVL72 to production level environments. This news indicates that NVDA's next-generation AI factory narrative is not just a PPT, but has been continuously advancing. So in the short term, there are still funds on NVDA willing to continue trading around AI platform upgrades, Rubin taking over, and cloud vendor capital expenditures. This is also the reason why the area around 208 can stabilize and continue to rise. But in the medium to long term, we cannot be overly optimistic. On the one hand, the stock price has already traded a significant portion of AI expectations ahead of schedule; On the other hand, policy disturbances are still present. On May 31st, the US Department of Commerce tightened restrictions on overseas subsidiaries of Dongda Corporation obtaining high-end AI chips, with the goal of plugging the loophole where Dongda obtained advanced chips such as Blackwell through overseas entities. This indicates that the Dongda variable has not disappeared, but has been temporarily shelved by the market. Therefore, although it may not immediately interrupt the rise in the short term, once the stock price breaks through the previous high and shows weak performance, such policy risks and valuation pressures can easily become reasons for capital redemption. If there is no strong continuation after breaking through 236.54, it is necessary to prevent funds from starting to cash out and then proceed with a larger level adjustment. Technically speaking, it's the same. Pay attention to the trend after breaking through 236.54. If the daily chart closes quickly, be wary of the end of the entire upward trend that started at 164.28, and there will be a similar level of correction next. Only after breaking through 250.58 and standing firmly on the top can you continue to play music and dance, otherwise adjustment will start at any time after breaking through 236.54. Therefore, if Nvidia performs poorly after breaking through 236.54, I will consider reducing my position. If there are special circumstances, such as directly falling below 208 before breaking through 236.54, I will also reduce my position, but currently the probability is low.