Mustafaya Suleyman, head of Google AI, said last week in an interview with the Economist, that the big cloud suppliers like Google $Alphabet(GOOG)$ , Microsoft $Microsoft(MSFT)$ , Meta $Meta Platforms, Inc.(META)$ have cut access to LLM prices by 70% this year because of fierce competition. Which, if you think about it, lowers the ROI on NVDA chips. Do a YouTube search to see the interview for yourself. He expects most AIs to be personal and run locally. Not NVDA’s forte. Sell the stock.
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