1. Nvidia's growth outlook is strong, driven by the transition to inferencing and the need for increased compute capacity across cloud services providers; 2. Despite concerns over Microsoft's data center lease cancellations, other hyperscalers have not followed suit; 3. Nvidia's volume shipments of Blackwell GPUs contributed $11b in sales in Q4'24; 4. The author raises the rating to a STRONG BUY due to the share price pullback and growth potential as AI expands across the digital to physical world.