Nvidia is the company that everyone admires – and many fear. The chipmaker, which dominates the AI market with its GPUs, is far more than just a technology pioneer. It is a symbol of the global race for technological supremacy. And that is precisely what makes it a target: From Chinese antitrust authorities to tech giants like Google and Amazon, to its own clientele – the attacks on Nvidia are increasing. But anyone who thinks the chip giant might falter underestimates its true power.

China's Antitrust Watchdogs Strike – But Nvidia Remains Calm

On Monday, China's market regulator launched an antitrust investigation against Nvidia. The accusation: market abuse. But what looks like a big blow may turn out to be a pinprick. Despite the export controls imposed on Nvidia by the US, China remains a lucrative market. Currently, 15 percent of Nvidia's revenues come from the Middle Kingdom, and the trend is rising with impressive growth rates of 34 percent.

But China's Alternatives?

Domestic Competition: Google and Amazon Launch the Chip Revolution

As China challenges Nvidia's global dominance, tension simmers beneath the surface in the USA. Major Nvidia customers like Google, Amazon, and Meta are feverishly working to develop their own chips. Amazon offers a cost-effective alternative to Nvidia's GPUs with its Trainium2 chip, and Google's TPUs are real competitors for certain AI applications.

But the tech giants proceed cautiously. Officially, they say their chips are meant to "supplement" Nvidia products, not replace them. A veiled jab that should not be underestimated. If these companies manage to reduce their dependence on Nvidia, it could make the AI giant sweat in the long run.

Jensen Huang's Secret Weapon: Profits Like Silicon Valley Has Never Seen Before

Nvidia CEO Jensen Huang's real ace up his sleeve? A profit margin unparalleled. With a profit rate of 60 percent of revenue, Nvidia surpasses not only Intel but even heavyweights like Apple and Microsoft.

And even if the antitrust investigations in China should lead to fines: Huang can pay them off with a shrug. His margins are so generous that Nvidia stands firm as a rock even in difficult times.

The Conclusion That Is None: The Ants Are Coming – The Colossus Remains Unshaken

The attacks on Nvidia may be increasing, but they are ultimately a knighthood. Those who are so dominant inevitably attract opponents – whether from antitrust watchdogs, customers, or competitors. But with its technological advantages, financial strength, and ability to continually surprise the market, Nvidia remains the undisputed king of AI chips.

The real challenge? Not the attacks, but the expectation to always be the best. And in that, Nvidia has never disappointed so far.