[Attrecomet]

The AI market is running on VC and hype fumes right now, costing way more than it brings in. Add to that the circular financing, well, statements, in the hundreds of billions of dollars that are treated as contracts instead of empty air, and compare that to Apple, where the money is actually there and profitable, and the comparison makes sense.

It may still be profitable for TSMC to use NVidia to funnel all the juicy VC game money to themselves, but the statement about proven vs unproven revenue stream is true. It'll be gone with the hype, unless something truly market changing comes along quickly, not the incremental change so far. People are not ready to pay the full costs of AI, it's that simple right now.