Nvidia Faces Chip Rivalry, AI Spend Questions, and U.S.-China Export…

Nvidia faces competitive pressure from hyperscalers building in-house chips and AMD gaining share, whilst export restrictions to China constrain market access and questions mount over whether AI spending can justify infrastructure investments. If you sell anything into Nvidia's stack—networking, power, cooling, software—your customer just admitted they're building around you. Hyperscalers are cutting Nvidia out of their cost structure; you need to sell direct to them or follow the chip onto their silicon.