There's a quiet shift happening right before Q3 earnings. Open-weight models just hit 56%+ of token volume on Vercel's gateway, while mentions in earnings calls are up 6x YoY. Enterprise AI isn't just buying closed models anymore, they're optimizing for hybrid deployment.
Open source takes the physical volume, closed labs take the high-margin spend. But at the end of the day, every single token still runs on compute.
So the question is whether you're playing the model war, or just holding the shovel with $NVIDIA(NVDA)$ into Q3 numbers.
$Microsoft(MSFT)$ $Alphabet(GOOGL)$ $Advanced Micro Devices(AMD)$
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