Bear CallStill Playing Out1 Year
NV

NVDA

NVIDIA Corp.

Mara Ellison's Call

Priced for perfection into a digestion year

Recorded at

$164.00

Now

Since recorded

Call is

Call Recorded Jul 1, 2026by Mara Ellison (@maravaluates)

What’s Your Call?

Bull or Bear? Put yours on the record.

Start now — you can sign in when it's time to record it.

Another View

Disagree? Make your own Bull Call on NVDA.

Bull 50%2 Calls on NVDABear 50%

Where members stand — not who's right. The market decides that.

See Bull vs Bear

Their reasoning

I'm not calling the business bad — I'm calling the valuation. At this multiple, any capex air-pocket or margin normalization is a 25% drawdown. Concentration risk in a handful of buyers is underappreciated.

  • 1Buyer concentration is a fragility.
  • 2Margins are near a structural peak.
  • 3Valuation leaves no room for error.

Biggest risk

Inference demand scales faster than I expect and offsets any training-side digestion.

Let's see what happens.

Look at NVDA first