> Cursor and IDE extensions are nice, but not something that generates billions in revenue.

I mean Cursor is already at $500 million ARR...

How many software engineers are there in the world? How many are going to stop using it when model providers start increasing token cost on their APIs?

I could see the increased productivity of using Cursor indirectly generating a lot more value per engineer, but... I wouldn't put my money on it being worth it overall, and neither should investors chasing the Nvidia returns bag.