Great news from the top! Morgan Stanley hosted a non-deal roadshow for NVIDIA yesterday. NVIDIA's CEO Jensen Huang, CFO Colette Kress, and Head of Investor Relations were directly involved, showing the company's intent to personally address market concerns about product timelines, ASIC competition, and growth sustainability. The key takeaway from this discussion: Even as quarterly revenue approaches $100 billion, NVIDIA still believes growth can continue to accelerate, and the sources of growth are becoming increasingly diverse. Jensen Huang confirmed that Rubin has not been delayed. (Recently, there were market rumors that Rubin Ultra might be postponed to 2028, and some domestic reports also claimed Rubin was delayed.) Huang explicitly stated during the discussion that this is not true—Rubin Ultra is still scheduled for shipment next year. Some rack designs for the Rubin system are indeed being adjusted. The original Kyber rack will be replaced by a "better solution," potentially supporting larger-scale computing domains. However, this is part of system architecture optimization and does not equate to product delays. Meanwhile, the 800V power supply and optical interconnects between racks are still progressing as planned. As of now, there are no substantial changes to NVIDIA's next-generation product cycle. One ASIC customer is increasing their usage of NVIDIA products. Morgan Stanley mentioned that a major customer, who previously relied heavily on ASICs to develop cutting-edge models and used NVIDIA minimally, has now increased their engagement with NVIDIA to nearly 50%. Morgan Stanley did not directly disclose the customer's name, but based on the characteristics of "cutting-edge models" and "primarily using ASICs," it likely points to Anthropic. As I said before, SK Hynix ADR's U.S. listing was deliberately suppressed by Wall Street. Now that the dust has settled, it's time to reclaim what's lost. Next week, semiconductors are set to party hard again!