What’s even harsher is that the few biggest buyers—Microsoft, Google, Meta, and Amazon (widely believed in the industry)—are building their own chips to bypass it.


TPU, Trainium, Maia, and MTIA have all been publicly released. Even Nvidia’s own 10-K says: some customers can develop in-house solutions as alternatives to us.
The patron—could also be the gravedigger.
MSFT-1.85%
META-2.54%
AMZN-1.10%
NVDA2.36%
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