Also on Wednesday, Nvidia CEO Jensen Huang just so happened to call on the Trump administration to loosen restrictions on the sale of AI infrastructure outside the US.

“We need to accelerate the diffusion of American AI technology around the world,” Huang said in a press briefing. “The policies and encouragement from the administration really need to support that.”

Not to say that Trump’s tariff policy isn’t an issue, but I’d say that you’re leveraging your monopoly position to keep supply down even in the US, Nvidia.

Show me the price/capability gap between “AI-oriented” and “gaming oriented” hardware vanishing, where a small increase in on-board VRAM that has a limited impact on your production costs doesn’t lead to enormous increases in what you’re charging, and then I’d be more convinced that you’re in dire need of more market to serve.