Intel also charged a competitive price for CPUs, recent NVidia chips are charged at a premium rate not seen in semiconductor for decades. I'd venture the margin

Intel also charged a competitive price for CPUs, recent NVidia chips are charged at a premium rate not seen in semiconductor for decades. I'd venture the margin on an H100 @65k is probably ~98%. If the market for datacenter GPUs rises to ~30 million deployed GPUs and ~10 Million new chips per year... that would be 192 billion in profit/year. I'd be skeptical that NVidia can maintain that margin, or price point. Had they owned ARM it may have been possible, as new entrants to the chip market could have been locked out.