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$NVDA down ~5% today despite crushing earnings: • Q4 Rev: $68.1B (+73% YoY) • Data Center: $62.3B (+75%) • FY26: $215.9B (+65%) • Q1 guide: $78B (strong beat) Why the drop? Classic “sell the news” — high expectations already priced in + AI capex worries. Trailing P/E ≈38x