The last one standing will probably a chip maker able to distill the frontier without having sunk too much capital advancing the frontier, essentially Google, Apple, Nvidia, Samsung and all the Chinese labs
replyAnd what makes you think first, there's a moat and, second, the demand is not elastic?
replyDon't ask me that question, for all I care this entire bubble can finally collapse for good, I'd like to be able to afford things again.
replyBut unfortunately, too many people who are already too rich for their own good have fully bought into it.