It all comes down to the business model: while the world’s largest retailers, healthcare, and energy companies settle for a profit of $5 per $100, Microsoft, Alphabet, and Meta keep over $30.
Nvidia ended up at the top of the food chain because AI is transforming business structures, allowing companies to serve more customers at lower costs. But in return, Microsoft, Alphabet, Meta, and Amazon are forced to invest hundreds of billions of dollars into data centers, with Nvidia supplying the chips and software for them.
🩵 By tracking the real profits of AI companies and their projections over time, we’ll be able to tell when the trend starts to slow down. Nvidia’s next quarterly earnings report is on November 17, 2026.