NVDA's role in the next AI chip cycle

Been thinking a lot about the next phase of AI chip development, especially with NVDA's current dominance. While they've got an incredible lead, I'm genuinely curious about the staying power of their current architecture as more specialized, energy-efficient inference chips hit the market. My gut says there's a 60% chance we see a significant divergence in high-end training vs. mass-market inference hardware by late 2025, potentially leading to more fragmented chip market share even as overall AI compute demand skyrockets. It's not about NVDA failing, but more about others carving out serious niches. This could definitely impact how valuations are spread across the chip sector long-term.