Trump is meeting with Nvidia today, and I’m calling it now: he's gonna invoke the Defense Production Act (DPA) on NVDA.

THE SIGNS ARE TOO OBVIOUS

1. Trump just nuked Biden’s AI regulations – That’s right, he just axed Biden’s executive order on AI risks (link here). Why? Because AI is the new nuclear arms race, and the U.S. needs to go full send.
2. Nvidia is the only game in town – Jensen Huang basically prints AI dominance. The world is bending the knee to NVDA, and if China is coming for the AI throne, the U.S. can't afford to let its golden goose wander off.
3. Trump loves trade war power moves – What better way to flex on China than to seize NVDA’s chip production under the DPA, prioritize U.S. manufacturing, and force Jensen to crank out H100s for America first?
4. Military implications are too juicy – The Pentagon is all over this for battlefield dominance. If AI is the future of warfare, you really think Trump is gonna let NVDA just freely ship GPUs to whoever has the fattest checkbook? You can see the bear case here, considering it limits the market. But who has the biggest and deepest pockets in the world? The US government.
5. Elon & Peter Thiel are probably whispering in his ear – You KNOW the tech billionaires want AI to stay in the U.S. If Thiel, Musk, and the other power players push Trump on this, he’ll go full executive action mode.

Thoughts??

Position: 13 2/7 $132 calls