Part 13/20:
Nvidia’s Dominance: Nvidia is characterized as the king of gross profits, with a cash flow-generating machine around its GPUs—its supply chain and chip fabrication being central. Their strategic move involves reinvestment and demand guarantees, but they’re also limited—unable to acquire other chipmakers like ARM, and unable (or unwilling) to buy larger companies.
OpenAI and Its Ecosystem: OpenAI’s massive investments in compute and infrastructure reflect its desire to develop AGI, but its heavy reliance on hardware giants leaves it vulnerable. Their deals involve multi-year commitments totaling tens of billions—akin to betting the entire economy on sustained growth.