Sure, but their deliveries have also been incredibly large. I’d be surprised if they haven’t already made enough from previous sales to cover all existing and near-term investments into AI. The scale of the build-out by big cloud firms like Amazon, Google, and Microsoft has been absolutely incredible, and Nvidia’s only constraint has been making enough of them to sell. So even if support completely evaporates, I think they’ll be completely fine.

They don’t build the chips at all. They pay tsmc.