[bigyabai]

Nvidia's profits are built on demand and margins. Their valuation is constrained by their supply, Nvidia sells-out of almost all their datacenter hardware before it hits shelves. Even if the memory shortage never clears up, Nvidia is the best-poised company to buy memory at-cost and sell it for ludicrous prices.

For their margins to go down, that demand would have to be satisfied. And those customers by-and-large do not see any commodified CUDA alternatives on the market, they only want Nvidia hardware. Hence my question - who will rise to the challenge? If the answer is nobody, then you've just found out why people don't short Nvidia.