(b) isn't likely because CUDA. Nvidia spent a LOT of time developing CUDA into the de-facto standard for working with GPUs. No one has anything close to compara

(b) isn't likely because CUDA. Nvidia spent a LOT of time developing CUDA into the de-facto standard for working with GPUs. No one has anything close to comparable. They poured a ton of time and effort into it and pushed it like crazy in the education space as well. (a) can happen, but Nvidia has some buffer. All these companies promised their shareholders huge massive gains if only they embrace the AI revolution. They will be extremely resistant to admit they can't make any money out of it and will keep the charade going for as long as they can. It won't be like a cliff, so Nvidia has time to adjust and handle it. The market cap is nonsense though, it's just hype. I never put any real weight on them.