1. Nvidia and the AI industry have been shaken by recent announcements from DeepSeek, Alibaba's Qwen 2.5-Max, and ByteDance's Doubao-1.5-pro; 2. There is uncertainty about whether computing growth can offset the massive decline in AI inference costs; 3. Nvidia's stock is currently modestly bullish, but the company may face margin and revenue pressure in the near term.