Nobody said this was the case...

The only example I used was the console market which has been ruined because of this issue. They generally left that market because it was that horrible.

The console market is low margin because they seem to find someone ready to take low margin (e.g. AMD). Nvidia was in console market before but left it due to low margin. Nvidia only sells old low development chip with probably good margin to Nintendo. The chips in the Switch 2 are using node from 2020 and are super cheap in manufacturing and Nvidia had low efforts in developing them.

AMD however has to design new special APUs for Xbox and PS. Why do they do that? They could just decide to step away from the tender but they won't because they seem to be desperate for any business. Jensen was like that 20 years ago but he has learned that some business you simply step away from.

This whole subthread is about the claim that Nvidia is at risk of a monopsony situation. I pointed out that while revenue has concentrated on a few customers post-AI boom, margins have improved, suggesting Nvidia is nowhere near and not veering toward that risk. Revenue is exploding, as are margins.