True but various companies will start produce more hardware in house in the future too. For now Nvidia is the sole king in that but other companies will catch up sooner or later.
It's still the sole king for cloud consumers, but for internal use, which is bigger than their cloud, Google mostly uses its own stuff, and with the amount the other big companies have to give Nvidia it is worth it for them to do the same.
There doesn't seem to be a moat we'll see how high it can go but in the long run they're a ridiculously overvalued commodity (eventually) producer.
There doesn't seem to be a moat we'll see how high it can go but in the long run they're a ridiculously overvalued commodity (eventually) producer.