It's interesting to me that Microsoft and Nvidia are being lumped together in this reporting. To me there seems to be two very different issues. Nvidia managed

It's interesting to me that Microsoft and Nvidia are being lumped together in this reporting. To me there seems to be two very different issues. Nvidia managed to execute on a combined software/hardware product category that has yielded fantastic results and is difficult to copy. That's great. It's nothing to do with Anti-trust. Are they charging a premium for scarce products now? Sure, but all you can do is damage the market by attacking them there's no real way to increase demand. At best you can limit their profits, just handing over margin to their customers. The Microsoft situation is very different however. You've got this behemoth that has basically just decided to take it's magic money tree and use it essentially buy growth through a huge number of complex deals that are designed to circumnavigate anti-trust. Sorry but "We're not buying you, we're just handing your investors a tonne of money, letting you shut down your company and then hiring all your employees" is bullshit. And also "We're investing in you <oh and here are all these terms about how we own X Y Z of your technology and you must buy A B C of our resources" is also bullshit. You can make a credible argument that Nvidia uniquely earned the success they're seeing with the AI stuff, I don't think you can make that argument with Microsoft. Now if you can join the dots - Nvidia has a cosy deal with MSFT to give MSFT GPUs and small companies then have to deal with MSFT because they have all the access to compute, then I think that would be a slam dunk. Leverage Microsoft's Cloud business to hoover up startups in AI.