Bearish Call Validated

Morgan Stanley’s removal of Nvidia from its top-pick list becomes a confirmation signal for investors already worried about Rubin shipment cuts, VR200 rack delays, and China restrictions. The most likely near-term path is continued de-risking rather than a collapse, because the stock has already fallen 25%.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.