Nvidia's Profit Margins Face Threat from Major Customers' Custom Chips, Says ING on July 7

According to Jan Frederik Slijkerman of ING, on July 7, Nvidia's ability to maintain high profit margins faces uncertainty as major technology customers develop custom chips. Microsoft, Alphabet, and Amazon are designing in-house chips to control artificial intelligence infrastructure costs and capital expenditure efficiency, which may intensify competitive pressure on Nvidia's pricing power and threaten its long-term profitability.
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