For what it's worth, I do not believe nVidia is the future. I'm not predicting they will go out of business tomorrow. I just think they've lost a whole lot of mind share in GPU and their dominance in AI is not as strong as it may seem. They are limited by TSMC capacity, AMD is ramping quickly, and Intel is just dumb enough to stop working on everything that matters and bet their future on AI. Everyone with an NPU will be Hell bent on global domination. nVidia used to dominate but I believe those days are over, based on nVidia internal corporate culture. Again, I'm not saying Intel will go all in on AI, just that I wouldn't put it past them.
Bold words indeed. I will give you that it was inevitable that competition would begin to really rally around taking down the king, but I am not convinced it is that case - at least not yet. I am seeing reports about 1-bit AI models on CPUs and using lesser hardware on DeepSeek-esque models. The moat is not as deep and wide as it once was, and I think the Rubin rollout and orders will be a big tell. I also think you are very right about execution and corporate culture, at least as it is right now. For all we know, Jensen might be raging and on a redemption rampage due to Blackwell and its woes. He's that kind of CEO. Again, Rubin is the key for me. As for my investing strategy, I will compare NVDA to VUG. As long as it outperforms VUG in one year increments, I will keep fully invested. If another company emerges as the next Nvidia, I'll jump on that, but until then, all it has to do is outperform VUG. Can't ask for more than that.
Quite a bit of Blackwell product (RTX 50X0 series) volume is well up in the channel. It just started this week. I wonder if this means AI demand has been satisfied.
