Despite some puzzling bear cases, NVIDIA ($NVDA) shows a continued growth trajectory with strong fundamentals, including double beats on revenue/EPS and a $54B guide without China. The author sees no red flags to exit the stock, noting its 100% gain from lows and current consolidation at a $4T valuation is not bearish. NVIDIA ($NVDA) is highlighted as being cheaper than Costco ($COST) on a valuation basis.