It’s not binary. It’s not existential. What’s at stake for Nvidia is its HUGE profit margins. 5 years from now, Nvidia could be selling 100x as many chips. But

It’s not binary. It’s not existential. What’s at stake for Nvidia is its HUGE profit margins. 5 years from now, Nvidia could be selling 100x as many chips. But its market cap could be a fraction of what it is now if competition is so intense that its making 5% profit margin instead of 90%.