84% NVDA stays #1: Crowd pricing continued hyperscaler dominance through June. Bullish for the entire picks-and-shovels stack — optical, packaging, and power all benefit from sustained NVDA-driven capex.

99% NVDA beats $50B data center: The number is a certainty — not a tradeable edge. Watch guidance language on Rubin timeline and H20 export status on May 28. Those are the actual signals.

22% AI bubble burst: Real but minority tail risk. 3-of-5 conditions require actual demand collapse. Hedge worth knowing — not a reason to reduce exposure to fundamentally strong names at current levels.

67% Anthropic leads models: Strong frontier model position sustains hyperscaler spending. Every dollar of AI progress = a dollar of GPU, optical, and packaging demand. Watch for model releases as capex catalysts.