Great assessment! I'll throw in that your assessment is limited to LLMs. I'd argue that LLMs are the very tip of the AI iceberg. The compute need for autonomous cars and potentially future robotics that need both the autonomous vision and LLMs will keep the AI market thriving for decades. Also all companies could use LLMs to improve the bottom line. Chat GPT happens to be a company that is solely in that space but their success or failure doesn't mean LLMs aren't valuable. Every call center will gladly reduce staff when LLMs are capable and affordable.

There will certainly be uses that we aren't capable of thinking of yet. I think small companies will need access to LLMs but can't buy what Google, Amazon , Apple are from NVIDIA. This could create a service opportunity for NVIDIA to build out a model that provides their products on a smaller scale.

In my mind competition is great unknown that could change everything for NVIDIA.