Good morning. So, you just lowered your price target after this earnings, but you kept an overweight rating. Explain the rationale there.Lowering the price target, but keeping the rating. >> Uh yeah. No, good morning and uh thanks for having me.Great to be here. Uh listen, quoting, you know, Elliot Hill himself, uh this is not a turnaround that's linear, you know, by any means. uh they never are, you know, especially in a competitive consumer space and especially in this athletic space uh which is an extrem ...

China Market & Revenue Impact - Nvidia's upcoming earnings face uncertainty due to the China business, particularly after reports of halted production of chips made for China [1] - The latest quarter is expected to show zero revenue from China following the H20 export ban, contrasting with an estimated $16 billion backlog when the ban was implemented [2] - Analysts do not anticipate immediate revenue recognition from China due to limited licenses granted by US officials and the quarter ending July 31st [4] - Chinese authorities are pressuring domestic firms to favor local alternatives like Huawei chips over Nvidia chips [4] Product & Supply Chain - Nvidia is reportedly slowing H20 production due to pushback in China, though the company vaguely stated it manages supply chains to address market conditions [4][5] - Nvidia is developing a new B30 chip designed for China, with potential approval for export of these advanced AI chips [5] Future Opportunities - The China market represents a $50 billion opportunity for Nvidia [6] - Potential B30 sales could replace muted H20 revenues, attracting investor attention [6]