Earlier quoted context omitted.
Comments like this make me wonder whether I'm on reddit or HN. The future trajectory of AI isn't tied to Nvidia's stock in the same way the web didn't thrive or die on Cisco being the most valuable company in the world 24 years ago.
Perhaps not in general, but if the barrier of entry is radically lowered - such as if a new technique that drastically lowers the compute required for training is discovered - then Nvidia and a whole host of startups will lose lot of value. A lot of the positions assumes LLMs will remain SotA in the foreseeable future, which is not a bet I'd take. Even if that doesn't happen, there will be a lot of consolidation and…
If no training breakthrough occurs, then your second option is much more likely.