The price is 40x their target revenue. That's twice the price to revenue multiplier applied to Anthropic in their most recent funding round, and really really hard to portray as a good deal.

I don't think it really helps Nvidia's competitive position. The serious competition to Nvidia is coming from Google's TPU, Amazon's Trainium, AMD's Instinct, and to a much lesser extent Intel's ARC.

Grow recent investors got back a 3x multiple and may now invest in one of Nvidia's other competitors instead.

The only thing I can think of here is that OpenAI’s DRAM land grab is going to stack on a non-NV target and NV need to hedge with an SRAM design that’s on the market NOW. Otherwise, I can’t see how NV couldn’t eat Groq’s lunch in one development cycle - it’s not like NV can’t attach a TPU to some SRAM and an interconnect. Either that or Groq closed a deep enough book to scare them, but 40x is a lot of scared.

But if all of these large companies create a monopoly where they realize that if they start undercutting each other or innovating too extremely then long term if Nvidia's stock decreases in value by a huge margin, the whole market itself can get down

As an example: if google TPU (perfected?) itself to the point that it hurts nvidia sales (maybe mass production perhaps?) then all the companies stock price might decrease (in my opinion including google)

Honestly, I feel like there is going to happen something in the market which is gonna be very spooky soon regarding AI.

I feel like we are gonna drag this bubble really long and actually worsen all the pain which is gonna be caused by it long term.

And Cerebras

Also Tsavorite scalable intelligence - their architecture seems to cover the broadest use cases and compatible with cuda