> Nvidia's moat is real but not big enough that one can't surpass it with a lot of engineering. Yes, but you also need a lot of capital if you want node parity

> Nvidia's moat is real but not big enough that one can't surpass it with a lot of engineering. Yes, but you also need a lot of capital if you want node parity with them. Nvidia (supposedly) spent an estimated $9 billion dollars getting onto TSMC's 4nm node. https://www.techspot.com/news/93490-nvidia-reportedly-spent-10-billion-chunk-tsmc-5nm.html https://www.techspot.com/news/93490-nvidia-reportedly-spent-...