Let's say we give them benefit of doubt and they still grow 40% in 2026. But can they in 2027, can they in 2028? Unless they find a new area, selling hardware will be limited by law of phyisics.
Keep in mind, despite the headline news, NVDA's main strength is in data center today. I think they still have chance to dominate the edge and app AI (the ones you mentioned above for industrial, robotics, or others), but we will need to see evidence NVDA can dominate in order to ajdust its valuation model.
One thing to keep in mind, investment is an on-going thing. I think i posted a very long article in 大千 on how to develop assumption and thesis, and how to continously watch company grow and verify and confirm our thesis.
To summarize this: Today, I am not seeing evidence that supports 40% YoY growth beyond 2025 for NVDA, but will continue to see their progress throughout 2025 to see if we can adjust.
