> Any serious competitor must address ALL of Nvidia's advantages.
Not really, his article focuses on Nvidia's being valued so highly by stock markets, he's not saying that Nvidia's destined to lose its advantage in the space in the short term.
In any case, I also think that the likes of MSFT/AMZN/etc will be able to reduce their capex spending eventually by being able to work on a well integrated stack on their own.
They have an enormous amount of catching up to do, however; Nvidia have created an entire AI ecosystem that touches almost every aspect of what AI can do. Whatever it is, they have a model for it, and a framework and toolkit for working with or extending that model - and the ability to design software and hardware in lockstep. Microsoft and Amazon have a very diffuse surface area when it comes to hardware, and being a decent generalist doesn’t make you a good specialist.
Nvidia are doing phenomenal things with robotics, and that is likely to be the next shoe to drop, and they are positioned for another catalytic moment similar to that which we have seen with LLMS.
I do think we will see some drawback or at least deceleration this year while the current situation settles in, but within the next three years I think we will see humanoid robots popping up all over the place, particularly as labour shortages arise due to political trends - and somebody is going to have to provide the compute, both local and cloud, and the vision, movement, and other models. People will turn to the sensible and known choice.
So yeah, what you say is true, but I don’t think is going to have an impact on the trajectory of nvidia.
Not really, his article focuses on Nvidia's being valued so highly by stock markets, he's not saying that Nvidia's destined to lose its advantage in the space in the short term.
In any case, I also think that the likes of MSFT/AMZN/etc will be able to reduce their capex spending eventually by being able to work on a well integrated stack on their own.