> margin compression is what free markets do

Except the market pretty much can't do this with Nvidia. Nobody is showing any sign of catching up: it is entirely possible we are seeing a runaway train and without the intervention of a massive state like China to create a viable competitor, there will never be one.

This situation has been going on for 5 years now. It's ridiculous to assume there will never be competition. You. could have said the same about Intel a couple of decades ago.