$BR$NVDA This round of AI narrative is quietly shifting gears. Micron and Sandisk were the winners of the memory cycle over the past year, but news headlines have started to turn their attention to the “next infrastructure bottleneck”—meaning smart money is no longer satisfied with buying storage that’s already run up; it’s now looking for the next, narrower pipeline. Emotionally, this isn’t fear—it’s the typical “high-position FOMO secondary diffusion”: institutions are already heavily positioned in NVDA. They don’t dare chase higher, yet they’re unwilling to exit, so they dig deeper into the industrial chain for targets. Retail traders show it even more clearly: BTC is still hovering near $76,915 (24h -1.20%); risk appetite hasn’t collapsed, but it’s no longer a mindless rush. The real signal is this: when the market shifts from “buying the leaders” to “buying the bottlenecks,” it often means the main upswing is entering the mid-to-late stage—volatility increases and rotation accelerates. It’s like a flood receded by half a step: only then do people realize the real thing blocking the flow isn’t the dam, but that unnoticed narrow channel. Next, don’t focus solely on whether NVDA can keep rising, but on who is absorbing the spillover sentiment from it. Do you think the next bottleneck that gets squeezed by capital will be in computing power, electricity, or in the AI transition of crypto mining companies?