To The Moon

$Advanced Micro Devices(AMD)$ $NVIDIA Corp(NVDA)$ bulls think that Nvidia is invincible, and Jensen has a supernatural form of genius. They think that AMD and Lisa Su are feeble and weak by comparison to Nvidia and Jensen. The only thing that will change the view that Nvidia bulls have, is when AMD starts consistently eating away at Nvidia's market share.

Not long ago, $Intel(INTC)$ bulls had the same kind of views, Intel was super powerful and invincible, while AMD was a hopless case destined to fail as it always had done before, but not many of them are still cheerleading for Intel any longer. AMD publicly declared war, when they said AI is now the company's top priority across the board. Nvidia is next for a trouncing.

Monopolies tend to follow the same pattern, they get overconfident, and without strong levels of competition to continuously deal with, they become weak and forget how to innovate and deal with serious competition when it arrives. Nvidia has been coasting along for a decade without much concern, but that’s about to change.

I think that Jensen is starting to worry, that's why they decided to pump out a minor revision the following year after a major new update. AMD is already on the annual cadence, with the MI325 about to be released later this year, and the MI350 the next, etc. Nvidia will be struggling to keep pace soon enough.